Springfield's Elder-Beerman store, located in the Upper Valley Mall will close its doors at the end of January when its lease expires. The store's parent company, Bon-Ton Incorporated cited declining sales revenue as the reason to cease operations.
Elder Beerman has been an anchor store in the Upper Valley Mall for nearly 20 years. Greater Springfield Commerce officials say the mall is the largest sales tax generator in Clark County.
Officials say that Springfield retains $46 out of every $100 spent at a national chain located in Clark County.
The Greater Springfield Chamber of Commerce was named runner-up for the 2012 Chamber of the Year Award. The competition is the only one in the country to recognize chambers for their efforts to create business and lead communities.
The 2012 National Chamber of Commerce Convention was held in Louisville, Kentucky recently. Springfield, along with Fargo, North Dakota and Lubbock, Texas, were finalists for the Chamber of the Year honors. And when the envelope was opened, Lubbock, Texas was named Chamber of the Year.
The Greater Springfield Chamber of Commerce has been looking at ways to get companies in Clark County to do more hiring. The Chamber received welcome news when a group of employers asked the organization to sponsor a job fair so they can find qualified people to hire.
Amy Donahoe of the Chamber, says Clark County's unemployment rate was a little over eight percent in March, and that's compared to nine percent at the same time last year. Those numbers would seem to indicate that companies in the Clark County region are not hiring.
The Greater Springfield Chamber of Commerce is making a major move in re-branding retail efforts in the city. The Chamber met with business owners in the Upper Valley Mall and Bechtle Avenue strip mall areas and decided to rename the entire shopping destination, the 41 Crossing.
Chamber president Mike McDorman says renaming the area 41 Crossing will allow the retail stores and restaurants to become a shopping destination that will rival the Greene in Beavercreek and Outlet Mall in Jeffersonville.