Spring is construction time in Clarksville-Montgomery County, and the retail market is heating up.
New shops and restaurants are on tap for this community; along all avenues, and yes, even venturing into the economically challenging downtown area. That's why we're sure spring brings new opportunities to Clarksville.
We now know that the community ended 2016 on a record note for retail spending.
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For the first time in local history, local option sales tax collections eclipsed the $7 million mark in December 2016.
The grand total for that month was $7,131,135. A substantial increase from just over $6.73 million for December 2015, says the County Trustee's.
Local option sales taxes are 2,5 percent of the combined state and local sales tax rate of 9,5 percent; for Montgomery County. It's one of the most accurate measures of retail spending that we have.
Visible growth
As the retail selection grows, these numbers demonstrate consumer demand that further justifies development, and reinforces the idea that spring brings new opportunities to Clarksville.
The challenges you face Clarksville regarding retail growth are: geographic dispersion and general lack of population density to support many of the nation's most popular retail concepts and average per capita income.
The latest city census data has the median household income for the Clarksville area at $ 46.070, which is $ 1.205 lower than the state median.
The formula in the last 20 years has been very attractive for large discount stores ranging from Walmart, to a whole series of Dollar General stores. If you want to know more about Clarksville visit Hispanic Entrepreneurs Tennessee
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