Wal-Mart CEO Announces "Wal-Mart Jobs and Opportunity Zones" Initiative
In a speech this afternoon at the Newspaper Association of America's annual convention, Bentonville, Ark.-based Wal-Mart Stores CEO Lee Scott will announce the new, nationwide "Wal-Mart Jobs and Opportunity Zones" initiative. Scott also will announce that, over the next two years, Wal-Mart will build
more than 50 stores in neighborhoods with high crime or unemployment rates, on sites that are environmentally contaminated, or in vacant buildings or malls in need of revitalization. These new stores are expected to create between 15,000 and 25,000 jobs. Before his speech, Scott will visit the construction site of a new Wal-Mart store on the West Side of Chicago and announce that this store will anchor the first "Wal-Mart Jobs and Opportunity Zone." Each of the ten "Wal-Mart Jobs and Opportunity Zones" will be anchored by a store and engage a host of local businesses and organizations with which the company will work to increase job creation and economic opportunity in
surrounding neighborhoods. The locations of the remaining nine zones will be announced in the coming months.
surrounding neighborhoods. The locations of the remaining nine zones will be announced in the coming months.
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