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- Value of Health IT
Shows & Panels
Deputy mayor says bill would drive away retailers
Saturday - 7/13/2013, 1:30pm EDT
WASHINGTON (AP) -- The deputy mayor for economic development in Washington says a bill requiring large retailers to pay their employees at least $12.50 an hour could affect much more than just Wal-Mart's plans for the city.
Victor Hoskins tells The Washington Post (http://tinyurl.com/o5t76tc ) that the bill would have a "chilling impact" on retail growth in the District of Columbia. He says it would drive away not only Wal-Mart but other retailers that some consider more desirable.
Mayor Vincent Gray has expressed serious concerns about the bill's impact, particularly after Wal-Mart said it would not build three of the six stores it had planned for the district if the bill becomes law. He's considering a veto.
The bill passed the D.C. Council this week but without a veto-proof majority.
Information from: The Washington Post, http://www.washingtonpost.com
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.