People used to get confused when Jim Capraro would deny that a new supermarket in a blighted community — which he’d worked years to open — was a win for economic development.
He explains it, in a fascinating post  for the blog of a new community development institute, in terms of a neighborhood’s “trade deficit.” A grocery store recirculates some of the money spent by residents into local paychecks, but most of the money leaves the community to pay for the food. Actually growing a local economy requires exporting something – goods, services, labor – that brings new money into the community.
Capraro, who retired last year  after 35 years at the helm of the Greater Southwest Community Development Corporation, now consults around the country on creating sustainable communities for LISC’s Institute for Comprehensive Community Development . (The Boston Globe  recently caught up with him training local leaders in the hometown of one of his heroes, Jane Jacobs.)
He writes about the lessons learned over his years of work in Marquette Park, helping a hole-in-the-wall joint with great pizza grow into Giordanos, working with the CTA to build the Orange Line, and convincing Nabisco to modernize its Southwest Side plant where Oreos are made – the largest bakery in the world – rather than moving the operation to Mexico.
Meanwhile, Lakeview business leaders and residents are holding a press conference today (Thursday) to underscore community opposition to a proposed Wal-Mart at Broadway and Surf and share information on the mega-retailer’s negative impact on jobs and small business.
At a recent community meeting, residents spoke overwhelmingly against the proposal for a Wal-Mart. The Lakeview Chamber of Commerce , Local First Chicago  (which promotes locally-owned, independent businesses), and Chicago Jobs With Justice  are participating in the press conference.
Working In These Times  reports on a new study that undercuts Wal-Mart’s claim that raising wages for its workers would force it to abandon its low prices.
An increase to $12 an hour for Wal-Mart workers across the U.S. who make under $9 would cost Wal-Mart about 1 percent of the its annual sales, according to a new study by the Center for Labor Education and Research at the University of California-Berkeley.
If borne entirely by shoppers, that would average out to $12.50 a year, or 46 cents per shopping trip, according to the study. That’s the price of a pack of gum, points out Jennifer Stapleton of UFCW’s Making Change at Wal-Mart.