Walmart Helped Put Northwest Arkansas on the Map
Walmart is the largest retailer in the world. With more than 11,000 stores, great places to stay, membership clubs and online services, it’s the place to go shopping.
A few years ago, Walmart began experimenting with paying its workers more. He found that more payments can increase productivity. It also helped improve the experience for customers. But it is not clear how the changes will affect profits.
1. It’s a Great Place to Work
As the largest independent employer in the country, Walmart has been a big part of the growth of northwest Arkansas. The company opened stores in Bentonville, Fayetteville and Springdale, creating thousands of jobs.
The founder of the company, Sam Walton and his son, Tom, are part of a wealthy family that has had a lot of influence in the area in recent years. Along with the Walton Foundation and the Northwest Arkansas Council, these organizations have offered a number of initiatives, including a downtown revitalization project, to attract skilled workers.
In the process, they also created a financial bubble that made it difficult to consider governance and wealth in the region. This is the reason why some artists and social justice activists are leaving the state, or taking their cases to places where they don’t have to face the risk of being blocked by corporations and billionaires.
This may sound like a good thing, but it really isn’t. After all, the arrival of a Walmart downtown affects small local businesses and the national economy, driving competitors out of business and often driving down wages.
2. It’s a Great Place to Shop
Over the past five years, Northwest Arkansas has emerged from its shadows as a destination for tourists and young professionals. That reputation was built on hundreds of millions of dollars invested in Bentonville by Walmart, the Walton family, and other local business leaders.
The area is now home to two of the world’s largest retail chains, and has a reputation for innovation and entrepreneurship. It has access to some of the best outdoor recreation, museums, and restaurants, and is one of the best places to live in the country.
But it wasn’t always like that. For decades, the poultry industry and Tyson Foods have been a major economic driver for this area of northwest Arkansas.
3. It’s a Good Place to Live
Northwest Arkansas is home to three Fortune 500 companies and more than 1500 Walmart suppliers. It is also home to an international arts community and a vibrant music scene.
For many, it is the combination of economic opportunity, affordability, education and quality of life that compels them to make their home in Northwest Arkansas. And, while it’s true that Northwest Arkansas is home to business executives, it’s also a great place for individuals looking for work-life balance and a better quality of life.
The area’s job market, housing affordability and appeal helped place it in the U.S. News & World Report’s 2022-2023 Best Places to Live.
The estimates were compiled using a combination of labor market data, housing affordability, quality of life and demand and migration rates. It has the most comprehensive list available, and is often mentioned in promotional materials that help attract tourism and recruits to our area.
4. It’s a Great Place to Visit
Walmart’s presence is a big draw for Northwest Arkansas, and they help boost economic growth, providing jobs and resources for local businesses. This makes Northwest Arkansas an attractive destination for people who want to live in a great community with affordable housing, quality schools, great arts and music programs, sports and recreation opportunities, and much more.
The largest city in the state is the capital, Little Rock, and is home to a variety of museums, theaters, and cultural centers. It also has a collection of historic sites and a vibrant downtown area surrounded by restaurants, art galleries, and shops.
The Walton family, who own Wal-Mart and have significant influence in Northwest Arkansas, contributed money to create the Walton Center and it has become one of the most famous cultural centers in the region. The center hosts several theaters, the Symphony of Northwest Arkansas, and a variety of sports.