In fact, the full-service market was the last remaining on the North Side.
With the abandonment of Giant Eagle from the city in 2008, there are only five remaining full-service grocery stores in Youngstown:
- West Side Sparkle Market (corner of Mahoning and Belle Vista)
- Cornersburg Sparkle Market (Meridian Avenue)
- South Side Save-A-Lot (South Avenue)
- Lincoln Knolls Save-A-Lot (McCartney Road)
- Lincoln Knolls IGA (McCartney Road)
In the press release regarding the closing, store owner Charles Zander claimed...
"Most significantly, the recent opening of a WalMart Super Center nearby created enormous pressure within the competitive environment of the Belmont business district. At the same time, the national trend by consumers to favor corporately owned grocery conglomerates has made it nearly impossible for independent grocers to compete in markets where quality and service are secondary to cut-rate product pricing."While there may be additional reasons for closure, the economic realities of good, neutral, and bad money in terms of economic development need to be reinforced:
Economic development involves three types of money.I'm not going to use the rest of this space to continue beating up Wal-Mart, and the errors of Liberty Township officials to claim Wal-Mart development is true economic development.
"Good money" comes from businesses that trade outside your region. They generate wealth. (Turning Technologies, other YBI companies, and numerous local exporters fall under this category)
"Neutral money" comes from businesses that circulate revenues within an economy. (You buy haircuts from me, and I buy ice cream from you.)
"Bad money" comes from business transactions that export wealth from an economy. Many people correctly think that Wal-Mart falls into this category.
But in the very near future, North Siders and other residents will be left with a choice:
Will you now shop at Giant Eagle and Wal-Mart, or will you spend your money at local supermarkets within our city?
The grocery stores are listed above.
The economic choice is yours.