Cheatham County Slashes Taxes on New Development
The Cheatham County Commission enhanced the county’s efforts to continue to improve its business environment by reducing their Development Tax from $3,750 to $50 and the Adequate Facilities Tax from $1.00 per square foot to 10 cents.
A few years ago, The Wall Street Journal reported that Cheatham County had the highest development tax in the state. Now, it is one of the lowest.
Cheatham County’s efforts for quality economic and community development are part of a long-range strategic plan to make the county a better place to live and do business. Cheatham Vision, a collaborative public/private initiative, provides support for its implementation.
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.