ECONOMY

How and where residents in the Tri-Cities spend their money

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Looking at the Tri-Cities region as a single marketplace is the only way to have a handle of the local economic big picture. But there’s also benefit into a deep dive into the differences of house consumers in each of… Read More ›

Ranks of Tri-Cities entrepreneurs increasing

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The number of entrepreneurs is increasing in the Tri-Cities. So are their gross receipts. According to the Census Bureau’s latest count, there were 31,009 nonemployer businesses in the seven-county Tri-Cities region in 2017.  That’s a 1.8% increase from the previous… Read More ›

Kingsport-Bristol sales tax collections struggle to recover footing; Johnson City collections make moderate increase

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May was another lackluster month for Northeast Tennessee sales tax collections. The three-county Johnson City Metropolitan Statistical Area (MSA) almost reached the year-to-date collections growth rate for Northeast Tennessee, and its year-over-year collections were better than the state year-over-year rate… Read More ›

Here’s a snapshot of how Kingsport consumers spend their money

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The Census Bureau is developing and expanding a data tool that’s intended to help businesspeople or those aspiring to start a business. Version 2.5 of a suite of service intended to provide selected demographic and economic data from the Census… Read More ›

Tri-Cities sales tax collections continued lackluster performance in April

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Seasonally adjusted sales tax collections in the three-county Johnson City Metropolitan Statistical Area (MSA) are up 0.6%  so far this year while collections in the four-county Kingsport-Bristol MSA are down by 2.9%. Collections for NE Tenn’s  four MSAs were up… Read More ›

Tri-Cities entrepreneur receipts, how much and average per labor sector

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So, there’s a little over 30,000 nonemployer firms with receipts of $1.2 billion in the Tri-Cities. That’s receipts – the total amount received from all sources with no costs or expenses subtracted – not the payroll. And $1.2 billion is… Read More ›

Many local entrepreneurs and firms fly under the labor market radar

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The largest number of business in the Tri-Cities don’t have storefronts and most have a low public profile. In fact, much of the public are not even aware they exist. They’re what the Bureau of Labor Statistics (BLS) calls nonemployer… Read More ›

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