The Maine legislature has given its approval to a bill that requires cities and towns to evaluate the economic effects of large-scale retail development and to approve only those projects that will not have an adverse impact on jobs, local businesses, and municipal finances. The legislation is the first of its kind in the nation. Continue reading

Many local officials would undoubtedly reconsider big-box projects if they knew that a new mega-store would eliminate more jobs than it creates, or that it would cost the city more in public services than it generates in tax revenue . But most cities do not assess the likely economic impacts of retail development. They assume that these stores expand the local economy and approve them blind to the potential costs. Legislation under consideration in Maine would remedy this by stipulating that cities may approve stores over 75,000 square feet only after an independent economic analysis is conducted. Continue reading