Aug. 17, 2009

The Caldwell County Chamber of Commerce announces that domestic visitation to Caldwell County generated an economic impact of $49.21 million in 2008, a 5.7 percent increase from 2007. Even as surrounding counties see declining numbers in tourism expenditures, Caldwell County had the eighth largest percentage increase among 100 counties in North Carolina and the second largest in Western North Carolina behind McDowell County.

Travel and tourism is an important industry to Caldwell County and is vital to local economic development efforts. Tourism helps support local businesses, brings “new money” to the area, promotes businesses development, and improves appearance of the community.

In 2008, tourism activity in Caldwell County generated enough state and local taxes to provide $116.56 in tax relieve for each household in Caldwell County. State tax revenue generated $2.56 million through state sales and excise taxes, and taxes on personal and corporate income. Approximately $1.65 million in local taxes were generated from sales and property tax revenue and from travel-generated and travel-supported businesses.

Gov. Beverly Perdue announced in March that visitors to North Carolina spent a record $16.9 billion in 2008, an increase of 2.1 percent from 2007.

“While we recognize that current economic conditions are impacting businesses all across the state -- including those in the tourism industry -- this continued economic growth, and especially growth in tax revenues, is encouraging,” Perdue said.

These statistics are from the “2008 Economic Impact of Travel On North Carolina Counties.” The study was prepared for the North Carolina Division of Tourism, Film and Sports Development by the U.S. Travel Association.
Statewide highlights include:

  • 2008 total visitor spending saw an increase of 2.1 percent to $16.9 billion, up from $16.5 billion in 2008.
  • The travel and tourism industry directly employees more than 190,000 North Carolinians, up 2 percent from 2008. 
  • The tourism industry generated a total of more than $1.3 billion in tax revenues. 
  • State tax revenue totaled $815 million through state sales and excise taxes, and taxes on personal and corporate income.
  • Some $529 million in local taxes were generated from sales and property tax revenue from travel-generated and travel-supported businesses.

For more info, visit http://www.nccommerce.com/tourism