“Middle Tennessee communities offer economic incentives to lure retailers” in The Nashville Business Journal (requires a subscription to view the complete article) includes information on how some of our neighbors are putting their money where their job creators and local sales tax collectors will be with incentives, market studies or retail recruitment consultants.
“Lacy Beasley, with the Nashville office of The Shopping Center Group, said she has seen more communities shift their economic development focus to retail from the industrial sector, which has been walloped by the recession. Though they may not have the same ripple effect that major manufacturers have on the economy, retailers can still create new jobs and grow the city’s tax base, especially important in Tennessee, as it lacks an income tax.”
“She turned to video games to show the impact new retail can have on a community. A new
GameStop retailer in Dickson, a previous client, is now generating an additional $22,000 a year in local sales tax 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.
