Bad News and let’s-call-it-good-news in retail sales
The bad news — local sales tax collections* in Hickman County for last month (August) were down 2% from August 2008 ($181,430.29 and $185,235.74, respectively.)
The silver lining in this gray cloud — compared to August 2007, last month’s collections were over 5.1% higher (August 2009, $181,430.29 – August 2007, $172,578.63). In December 2006, my first full month here, the local sales tax collections were $158,565.80. Thanks to a tenacious entrepreneurial base, Hickman County is holding its own during these challenging economic times.
*data from Tennessee Department of Revenue
About Daryl Phillips, CEcD
I am a professional economic developer. I presently work for communities and companies in developing and implementing workforce and economic development solutions as CEO of Phillips Economic Development Solutions (Phi EDS).
Prior to September 2017, I was the economic development professional who served a community team of elected officials, business people, community leaders and dedicated stakeholders for economic development in Cheatham County, Tennessee (pop. 39,880) and its four towns. During my five-year tenure, I served the team as Cheatham County grew over 1,700 jobs, turned around population declines at the start of this decade into healthy population growth, increased tourism expenditures 20.3% and local tax revenue from tourism 25.4%, grew sales tax revenue 36%, focused on developing the local workforce and was recognized by SmartAsset as having the 9th highest Incoming Investment Index of all the 95 counties in Tennessee.
I am a member of International Economic Development Council, Southern Economic Development Council, Tennessee Economic Development Council and International Council of Shopping Centers.
I have earned the designation of Certified Economic Developer (CEcD) from International Economic Development Council (IEDC), the Economic Development Finance Professional (EDFP) certification from National Development Council and hold a Master of Business Administration from Tennessee Technological University.
This entry was posted in retail development
, tax revenues
. Bookmark the permalink