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.