to decline, losing nearly 100,000 workers since October 2016 and
nearly 30,000 in March 2017 alone; and
WHEREAS, Low-skilled workers are facing the greatest impact
due to the constant loss of jobs in the retail sector; and
WHEREAS, Alternative ways to reuse and repurpose vacated
retail spaces must be identified to create jobs and revitalize
communities; and
WHEREAS, Government plays a vital role in understanding the
potential impact of the challenges faced as a result of the
closing of retail stores and must work to staunch the current
displacement of workers and the negative economic effects on the
surrounding communities; therefore be it
RESOLVED, That the Legislative Budget and Finance Committee
conduct a comprehensive study of the effects of the shuttering
of physical retail locations on the work force and economy of
this Commonwealth, with specific emphasis on retention of
workers and the potential alteration of tax policies; and be it
further
RESOLVED, That the Legislative Budget and Finance Committee
review the challenges and opportunities presented by the ongoing
downfall of suburban retail stores, focusing on the economic
impact of its decline, needs related to unemployment and
displacement in the work force and the development of plans to
revitalize vacated retail space; and be it further
RESOLVED, That the Legislative Budget and Finance Committee
submit a report of its findings to the House of Representatives
by December 31, 2018.
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