CROSSVILLE —
The city of Crossville has been recognized as one of the top ten Tennessee cities with the lightest business tax burden by the Beacon Center of Tennessee.
The Beacon Center annually compiles data on the 50 most populous cities in Tennessee including tax rate, population growth, job growth, income and other factors. Beacon then analyzes the data to determine which cities are the most business friendly and which have the lightest burden of business taxes.
The city of Crossville came in at number seven on the top ten list of cities with the lightest tax burden to business. The tax burden analysis looks mainly at the property tax rate and tax on gross receipts sales that business pay to do business in the city.
Under the category of business friendly, the city of Crossville rose nine points over 2010 due to greater job and population growth numbers from the previous year. Crossville placed 23 on the list of business friendly cities in Tennessee putting it in the top half of the 50 cities on the list.
"The community and elected officials continue to work hard to make Crossville and Cumberland County a great place to live and do business," said Crossville-Cumberland County Chamber of Commerce's president and CEO, Beth Alexander, about the recognition. "This kind of recognition always helps with recruiting new business to the area."
Lacy Beasly, community development specialist with the Shopping Center Group, a retail recruitment consultant that works with the Chamber on retail recruiting said, "The light business tax burden makes Crossville a more competitive market for business expansion."
Area News
Related Photos
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Reviewing data from the Beacon Center report on the business climate for Crossville are, left, Beth Alexander, president and CEO, with right, Gregg Ridley, vice president of economic development of the Crossville-Cumberland County Chamber of Commerce.� Crossville was in the top ten of the lightest business�tax burden�out of the 50 most populous cities in Tennessee.
Crossville recognized for business climate
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