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 ›
ECONOMY
Many local entrepreneurs and firms fly under the labor market radar
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 ›
Johnson City metro area see soft March, Q1 sales tax collection growth; Kingsport-Bristol can’t sustain last year’s performance
March was another soft month for sales tax collections in the Johnson City metro area and the third straight month of negative year-over-year performance in the Kingsport-Bristol area. Seasonally adjusted year-over-year totals from the MTSU’ s Department of Economics and… Read More ›
Tri-Cities Feb. sales tax collections range from ho-hum to poor
February’s sales tax collections set another record for the Kingsport-Bristol Metropolitan Statistical Area (MSA). But unlike last year performance is a string of poor numbers. Seasonally adjusted collections were 12% lower than February last year. That’s the largest year-over-year decrease… Read More ›