{"id":33135,"date":"2022-10-25T23:14:08","date_gmt":"2022-10-25T23:14:08","guid":{"rendered":"http:\/\/egrowonline.com\/?p=33135"},"modified":"2022-10-25T23:14:08","modified_gmt":"2022-10-25T23:14:08","slug":"the-ripple-effect-of-corporate-closures-across-local-workforce-and-commercial-properties","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=33135","title":{"rendered":"The ripple effect of corporate closures across local workforce and commercial properties"},"content":{"rendered":" \r\n<br><div>\n\t\t\t\t\t\n\t\t\t\t<figure class=\"wp-block-image p402_hide\">\n\t\t\t\t\t<div class=\"caption-container\">\n\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"680\" src=\"https:\/\/cdn.craigdailypress.com\/wp-content\/uploads\/sites\/10\/2022\/10\/020317_Safeway-1240x824-1-1024x680.jpeg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/cdn.craigdailypress.com\/wp-content\/uploads\/sites\/10\/2022\/10\/020317_Safeway-1240x824-1-1024x680.jpeg 1024w, https:\/\/cdn.craigdailypress.com\/wp-content\/uploads\/sites\/10\/2022\/10\/020317_Safeway-1240x824-1-300x199.jpeg 300w, https:\/\/cdn.craigdailypress.com\/wp-content\/uploads\/sites\/10\/2022\/10\/020317_Safeway-1240x824-1-768x510.jpeg 768w, https:\/\/cdn.craigdailypress.com\/wp-content\/uploads\/sites\/10\/2022\/10\/020317_Safeway-1240x824-1.jpeg 1240w\" \/><figcaption><strong>The former Safeway building at 1295 West Victory Way in Craig adjacent to Centennial Mall, when it was still vacant in 2017.<\/strong><br \/><em>Lauren Blair\/ for the Craig Press<\/em><\/figcaption>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/figure>\n<p>Over the past decade, Craig has seen the closure of a number of local businesses tied to large corporate chains, which has lead not only to a shift in local employment, but also significant changes in commercial properties.\u00a0<\/p>\n\n\n\n<p>The community has especially felt the impact this year. Since January, three large corporate chains have closed local restaurants and stores with little to no notice. <a target=\"_blank\" href=\"https:\/\/www.craigdailypress.com\/news\/business\/craig-village-inn-to-close-end-of-february\/\" rel=\"noopener\">Village Inn in Craig announced its closure<\/a> in February, giving the 27 to 30 mostly full-time staff only a few weeks to find new employment.\u00a0<\/p>\n\n\n\n<p><a target=\"_blank\" href=\"https:\/\/www.craigdailypress.com\/news\/corporate-confirms-the-closing-of-craig%EF%BF%BCs-walgreens\/\" rel=\"noopener\">Walgreens announced its closure<\/a> in early October, and the store\u2019s inventory is already being whittled down to prepare for a November closing. Less than a week ago, the local <a target=\"_blank\" href=\"https:\/\/www.craigdailypress.com\/news\/craig-pizza-hut-closed-suddenly-by-corporate\/\" rel=\"noopener\">Pizza Hut was closed permanently<\/a> with a same-day notice given to employees.\u00a0<\/p>\n<hr \/><hr \/>\n\n\n<p>Many of the closures are connected to corporate restructuring and the shuttering of stores in rural communities that are not as profitable as ones in high-population areas. The pandemic has also stirred changes in the nation\u2019s workforce, causing many employees and employers to rethink their careers and business models.\u00a0<\/p>\n\n\n\n<p>\u201cI\u2019m reminded of when Safeway closed and I heard people say, \u201cGosh, if I\u2019d only known they were closing, I would have shopped there more,&#8217;\u201d said Christina Oxley, the business services coordinator with the Colorado Workforce Center. \u201cIt only reiterates the use-it-or-lose-it paradigm, and I hope it reminds people to spread their dollars amongst as many local businesses as possible.\u201d<\/p>\n<!--ad bigbox4, parallax #3 not enabled--><hr \/><hr \/>\n\n\n<h4>Ripples across the workforce\u00a0<\/h4>\n\n\n\n<p>In the wake of a closure of a retail store or restaurant, the glaring issues left in the community are often the loss of a larger employer coupled with a vacant commercial building.\u00a0<\/p>\n\n\n\n<p>\u201cBecause of the current number of job openings, we don\u2019t expect these workers to remain unemployed for long,\u201d said Oxley, adding that the Workforce Center can support displaced workers, whether they want to remain in the same industry or transition into something new.<\/p>\n\n\n\n<p>Looking back at the closures of the local Safeway in 2013, Family Dollar in 2014 and Kmart in 2016, there were statements from corporate representatives that staff members would have opportunities to relocate within the company.\u00a0But whether employees decide to stay with a company really depends on the industry and individual factors.<\/p>\n\n\n\n<p>Oxley said that staff in more advanced, management level positions are more likely to transfer to other stores, whereas frontline workers tend to stay in their communities.\u00a0<\/p>\n\n\n\n<p>\u201cPart of that is wage,\u201d Oxley said. \u201cIt doesn\u2019t make sense to relocate for entry or mid-level wages. Housing is another factor. Prices and interest rates are high and availability is low, which affects people\u2019s ability to relocate.\u201d\u00a0<\/p>\n\n\n\n<p>Some workers may consider similar positions in nearby communities, making them commuters. But Oxley said that with the number of local jobs available, commuting is likely not the best solution for entry or mid-level employees.\u00a0<\/p>\n\n\n\n<h4>Repurposing corporate infrastructure\u00a0<\/h4>\n\n\n\n<p>Because most of shuttered corporate stores in Craig were established along U.S. Highway 40, the closures left vacant commercial buildings in highly visible areas of the community. But many of the former corporate buildings have since been repurposed by local entities.<\/p>\n\n\n\n<p>For example, the <a target=\"_blank\" href=\"https:\/\/www.craigdailypress.com\/news\/craig-safeway-to-close-its-doors-oct-12\/\" rel=\"noopener\">Safeway closing<\/a> came as a shock to the community after being in business since 1929, and a major concern expressed across the community was that the retail building at the west end of the Centennial Mall would sit vacant. \u00a0<\/p>\n\n\n\n<p>It was speculated that it would take another grocery chain or big-box retailer to fill that space, and the location did sit vacant for several years before it was repurposed. Yampa Valley Medical Center purchased the building in 2015 with the intention to renovate it for out-patient services, but the vision never came to fruition.\u00a0<\/p>\n\n\n\n<p>Then in 2021 the <a target=\"_blank\" href=\"https:\/\/www.craigdailypress.com\/news\/business\/big-o-tires-in-craig-moving-to-much-larger-location-in-former-safeway-building\/\" rel=\"noopener\">locally-owned Big O Tires moved its operations<\/a> into the former Safeway building from its original location a couple of storefronts down in the Centennial Mall. The move took 18 months of renovations, but it allowed the longstanding family-owned tire shop to upgrade from a space they\u2019d outgrown.\u00a0<\/p>\n\n\n\n<p>The Family Dollar was a similar story. After a wave of 370 corporate closures hit the Craig location, the 2,220-square-foot storefront at 460 Pershing St. sat vacant for about four years. However, Eyecare Specialties, another well-established locally owned business, transformed the former discount store into a <a target=\"_blank\" href=\"https:\/\/www.craigdailypress.com\/news\/new-craig-vision-clinic-to-focus-on-state-of-the-art-care\/\" rel=\"noopener\">state-of-the-art eye care clinic<\/a> in 2018.\u00a0<\/p>\n\n\n\n<p>Kmart\u2019s closure in 2016 sparked similar concerns about the 100,000-square-foot building. During the few years it sat empty, the location was considered briefly for an indoor adventure park. However, once the adventure park passed on the former retail building, Moffat County purchased it in 2019 to renovate for the county offices and courts.\u00a0<\/p>\n\n\n\n<p>Although the recently closed Walgreens and Pizza Hut locations leave two buildings with uncertain futures, Craig Economic Development Manager Shannon Scott remains optimistic.\u00a0<\/p>\n\n\n\n<p>\u201cWe try to look at these vacancies as an opportunity for us, to help market those locations for future businesses and future buyers,\u201d said Scott, adding that under the newly reorganized Economic Development Advisory Committee, marketing these locations to businesses and investors is going to be a priority.<\/p>\n\n\n\n<p>One of the committee\u2019s initiatives will be to compile a list of the available commercial properties with information about the incentives and opportunities associated with each location. Scott said it could be a helpful tool for investors and developers.\u00a0<\/p>\n\n\n\n<p>According to Scott, both the Pizza Hut and Village Inn buildings are in enterprise zones, so there may be incentives available for business owners or developers who choose to move into those locations. The former Village Inn building was sold earlier this year, and Scott said a tenant is expected to move into the building in early 2023.<\/p>\n\n\n\n\t\t\t<!-- END .swift-infobox -->\t\t\t\t<\/div>\r\n  !function(f,b,e,v,n,t,s)\r\n  {if(f.fbq)return;n=f.fbq=function(){n.callMethod?\r\n  n.callMethod.apply(n,arguments):n.queue.push(arguments)};\r\n  if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=&#8217;2.0&#8242;;\r\n  n.queue=[];t=b.createElement(e);t.async=!0;\r\n  t.src=v;s=b.getElementsByTagName(e)[0];\r\n  s.parentNode.insertBefore(t,s)}(window, document,&#8217;script&#8217;,\r\n  &#8216;https:\/\/connect.facebook.net\/en_US\/fbevents.js&#8217;);\r\n  fbq(&#8216;init&#8217;, &#8216;766130577710436&#8217;);\r\n  fbq(&#8216;track&#8217;, &#8216;PageView&#8217;);\r\n\n\t\t\t!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n\t\t\tn.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;\n\t\t\tn.push=n;n.loaded=!0;n.version=&#8217;2.0&#8242;;n.queue=[];t=b.createElement(e);t.async=!0;\n\t\t\tt.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,\n\t\t\tdocument,&#8217;script&#8217;,&#8217;https:\/\/connect.facebook.net\/en_US\/fbevents.js&#8217;);\n\t\t\t\/\/ Insert Your Facebook Pixel ID below.\n\t\t\tfbq(&#8216;init&#8217;, &#8216;356889104458573&#8217;);\n\t\t\t\n\t\t\tfbq(&#8216;track&#8217;, &#8216;PageView&#8217;);\n\t\t\t(function(d, s, id) {\n\t\t\t  var js, fjs = d.getElementsByTagName(s)[0];\n\t\t\t  if (d.getElementById(id)) return;\n\t\t\t  js = d.createElement(s); js.id = id;\n\t\t\t  js.src=&#8221;https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&amp;version=v3.2&amp;appId=1312255168882261&amp;autoLogAppEvents=1&#8243;;\n\t\t\t  fjs.parentNode.insertBefore(js, fjs);\n\t\t\t}(document, &#8216;script&#8217;, &#8216;facebook-jssdk&#8217;));\n\t\t\t\r\n<br>\r\n<br><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMifmh0dHBzOi8vd3d3LmNyYWlnZGFpbHlwcmVzcy5jb20vbmV3cy90aGUtcmlwcGxlLWVmZmVjdC1vZi1jb3Jwb3JhdGUtY2xvc3VyZXMtYWNyb3NzLWxvY2FsLXdvcmtmb3JjZS1hbmQtY29tbWVyY2lhbC1wcm9wZXJ0aWVzL9IBAA?oc=5\">Source link <\/a><!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>The former Safeway building at 1295 West Victory Way in Craig adjacent to Centennial Mall, when it was still vacant in 2017.Lauren Blair\/ for the Craig Press Over the past decade, Craig has seen the closure of a number of local businesses tied to large corporate chains, which has lead not only to a shift [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":33136,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[45],"tags":[7755,3043,5447,395,572,9709,265,1915],"class_list":["post-33135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-closures","tag-commercial","tag-corporate","tag-effect","tag-local","tag-properties","tag-ripple","tag-workforce"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/10\/020317_Safeway-1240x824-1-1024x680.jpeg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33135"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33135\/revisions"}],"predecessor-version":[{"id":33137,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/33135\/revisions\/33137"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/33136"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33135"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}