Economic Impact of Travel on Hickman County
Looking at the The Economic Impact of Travel on Tennessee Counties 2008, a study prepared for the Tennessee Department of Tourist Development by the Research Department of the U.S. Travel Association in Washington, D.C., showed that Hickman County is improving in travel expenditures and the resulting local tax revenue. According to the report, travel expenditures in Hickman County in 2008 increased 4.39% from 2007, compared to a statewide increase of 1.65%. Local tax receipts from travel in 2008 increased 5.16% to $640,000, a fairly impressive return on investment from public dollars.
Encouraging additional travel revenue takes a lot of work and resources from many people participating in tourism development and marketing. Even if you’ve built it, you must spread the word to let them know that they want to come.
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.
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