Friday, November 11, 2011

Making Smyrna better

Part of having a growing town is the growth of business. I recently found that Smyrna ranked tenth in Tennessee...and they gave suggestions on how we can be better.
Being business friendly has become a nearly universal motto for communities, with the economy on the ropes and competition for corporate recruitment constantly heating up.

So who tops the list in Tennessee? The Beacon Center of Tennessee, a free-market group previously known as the Tennessee Center for Policy Research, has its own annual rankings.
Their comment on Smyrna stated that...
Smyrna represents the eighth Middle Tennessee to finish in the top 10. Its strength lies in its strong job growth, lower than average business taxes, and low crime rate. If it improved its individual tax burdens, educational performance, and median income, it could rise even further in future rankings.

Business Tax Burden Ranking: 68.5; Economic Vitality Ranking: 61.0; Community Allure Ranking: 68.6; Overall Ranking: 65.5
The comment on the tax burden does not just include property taxes, but everything from drink taxes to hotel room taxes. This would be an ideal place to start. Education is part of the county so the efforts of the people of Smyrna there would be limited. Medium income, the third item they said could be improved on in harder to define. If they imply that it is to high then there really is little we can do. The property values in Smyrna lead to a family with a slightly higher income as the norm, so unless they ship in 'poor people' this would require expending fund (tax money) to create low cost housing. In many ways this could lead to unintended consequences...thus there is little that can be done on this one.

I'm happy Smyrna is ranked in the top ten...the efforts of the community have made it possible.

No comments: