The Tennessean reports on Thompson Station, Tennessee voting to raise their impact assessment fees for non-residential and commercial projects from $1.00 per square foot to different rates depending on the type of use. “For instance, a new 4,000-square-foot fast food restaurant currently would pay $4,000. Under the proposed fee it would rise to $52,280, a more than 1,200 percent increase,” stated the article, “Impact fees in Thompson Station headed higher.”
Cheatham County recently reduced its adequate facilities impact fee from $1.00 per square foot to 10 cents per square foot.
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.
