Category: economy
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Kingsport’s Largest Generation Might Surprise You
What’s the largest generation living in Kingsport today? The answer surprised me—it might surprise you too. Millennials have just surpassed Boomers as the city’s largest demographic–just barely–but the gap is likely to grow as older generations age and younger generations fill their void. Kingsport also has the highest percentage of Gen Alpha (under 10 years…
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Unlocking Economic Growth: New Housing’s Impact on Sales Tax Revenue
I was recently asked about the fiscal impact of a typical housing development on Kingsport’s sales tax revenue. Let’s consider a recent development with 77 single-family homes and 16 condos, totaling 93 units. Assuming a median price of $350,000 per home, a buyer would need an income of approximately $80,628 to afford this with a…
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GDP Reflects the Economic Strength of Tri-Cities
Gross Domestic Product (GDP) is a key measure of a local economy’s health, representing the total value of goods and services produced within a specific area. It provides insight into economic growth, business activity, and overall financial well-being. While the Census tracks population and demographics, GDP serves as a measure of economic output and business…
Kingsport Spirit 