Tag: news
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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…
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Do We Still Need Newcomers?
It’s no secret that the death rate exceeds the birthrate in every jurisdiction in Northeast Tennessee and Southwest Virginia, but we’re not alone. According to a March 2024 report from the Census Bureau, 69% of U.S. counties now have more people passing away than being born. However, 60% managed to counterbalance those losses through positive…
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Move to Kingsport – January 2025
The Move To Kingsport program was one of several initiatives launched following the 1999 Economic Summit. It was among five non-traditional economic strategies designed to help the city navigate significant downsizing in domestic manufacturing, a sector crucial to Kingsport’s industrial heritage. The other four strategies focused on higher education (notably a downtown campus), tourism (including…
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Finance: Love It or Hate It, It Matters
Finance. Ugh. It’s a topic that’s both critically important and endlessly dull for many. But let’s break it down in a way that actually matters: Just like managing a personal budget, is your government living within its means? Is it making politically popular promises it can’t sustain? Is it simply kicking the can down the…
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A Realtor’s Guide to Regional Schools
The Tennessee Department of Education’s recent report card offers insights that go beyond surface appearances—much like the values we cherish in people, it’s what’s inside that truly counts. Pro Tip: If you want to cut to the chase, look at the link/chart at the bottom of this article. Education isn’t just about modern buildings or…
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Northeast Tennessee offers an attractive alternative
Housing is a cornerstone of economic development, serving as a powerful driver of economic growth. Reporting statistics per capita is important because it standardizes data by accounting for population size, allowing for fair comparisons. By normalizing data, per capita metrics avoid misleading interpretations arising from raw totals, especially when populations differ significantly. With that in…
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First Families of Tennessee
First Families of Tennessee was established by the East Tennessee Historical Society (ETHS) in 1993 as a Tennessee Bicentennial project. Membership is open to anyone who can prove direct descent from a person or persons living in what is now Tennessee before or by statehood in 1796. I began my First Families journey recently. My…
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Looking Back and Leading Forward
These are remarks by Jeff Fleming made at last night’s 90th Birthday celebration of United Way of Greater Kingsport. When Danelle asked me to say a few words, I thought of Keith Parker’s dynamic speaking style. He’s young, tall, charismatic, and witty…all things I am not. But she needed a local history buff for tonight’s…
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This is how Tax Increment Financing (or TIF) works
Tax Increment Financing (TIF) has been in the local news recently, so I’d like to take the time to explain how this governmental funding tool works and where it’s been used in Kingsport in the past. Tennessee, like all 50 states, uses TIF to assist eligible development projects. In simple terms, TIF is borrowing against…
Kingsport Spirit 