Chamber Survey Inhibitors for People Moving to Kingsport 1.Old neighborhoods/lack of new housing 2.Lack of shopping & dining 3.Perceived as boring for teens, young adults & singles 4.Perceived air quality & pollen count 5.Lack of cultural/entertainment opportunities 6.Lack of high income housing 7.Lack of higher education in city 8.Appalachian reputation / Tennessee’s rankings 9.Unattractive / ungroomed gateways 10.Lack of jobs for our youth to return

Looking back: From – JC outbuilt Kingsport urban area by 1,488 homes – If homes ranged $200,000-$299,999 – Kingsport city property tax equivalency = $1,130 to $1,695 per home x 1,488 homes = $1.7 million to $2.5 million per year – Kingsport city sales tax equivalency 2.48 persons per household (TN, U.S. Census 2002) = 2.48 x 1,488 = 3,690 persons $10,382 retail sales per capita (TN, U.S. Census 2002) = $10,382 x 3,690 = $38,309,580 in lost retail sales x 2.5% = $958,000 per year

How important are newcomers? Census Bureau releases an annual "Components of Population Change" for counties across the nation. For 32 counties in the 5-state area of Tennessee, Virginia, North Carolina, Kentucky & West Virginia, – The region had a net natural population decline of 4,486 between 2000 and 2007 (this means there were more deaths than births). – However, 14,027 new residents moved into the region (1,210 were international). So, how important are newcomers? VERY! Many parts of the U.S. are experiencing population decline, but no one is moving in to replace those that left -- leaving the local economy in a declining mode. – Fewer residents means fewer workers, a smaller economy, declining retail sales, a soft housing market, etc. When newcomers move to a region, they bring their talent, resources, and disposable income! If they're retired, their income source is sheltered from ebbs and flows of the local economy.

Move To Kingsport 1,363 families from 40 states relocated to Kingsport during FY2009  4,757 families from 48 states since the beginning of MoveToKingsport.com (July 2006)* 182 were new construction 1,181 moved into existing structures 69.75% chose to live inside the city limits of Kingsport 59.9% of new construction was inside city limits of Kingsport Comparing this Fiscal Year with average FY : New residential construction is down % Out-of-state relocations to Kingsport are down %

Top 10 Places moving to Kingsport in past 3 years CityStateDifference 1GATE CITYVA42 2BRISTOLTN39 3ELIZABETHTONTN31 4CHURCH HILLTN29 5CHATTANOOGATN18 5ROGERSVILLETN18 6BLUFF CITYTN14 7WISEVA12 8PINEY FLATSTN11 9MORRISTOWNTN9 10JACKSONVILLEFL8 10UNICOITN8

CityStateDifference 1CHATTANOOGATN18 2WISEVA12 3MORRISTOWNTN9 4JACKSONVILLEFL8 5UNICOITN8 6DELANDFL7 6GREENEVILLETN7 6BIG STONE GAPVA7 6MADISONNJ7 7FREDERICKMD5 7SYKESVILLEMD5 7CHARLESTONSC5 7CLARKSVILLETN5 7TELFORDTN5 7CHESAPEAKEVA5 813 places4 938 places places2 Top 10 Places moving to Kingsport from >35 miles in pasts 3 years

Top 10 Places where Kingsporters moved in the past 3 years: Difference 1FALL BRANCHTN-91 2BLOUNTVILLETN-51 3KNOXVILLETN-11 4JONESBOROUGHTN-9 5NASHVILLETN-8 5SURGOINSVILLETN-8 6CHUCKEYTN-6 7BROOKSVILLEFL-5 7HOT SPRINGSNC-5 7RALEIGHNC-5 7ABINGDONVA-5 89 places places places-2 Of note… neither Johnson City nor Bristol showed up on this list

Not too hot,...not too cold …just right

Retail sales taxes generated by newcomers 787 net new residential water connections (July 1, 2006 – June 30, 2009) Census average = 2.3 persons per household 787 x 2.3 = 1,810 new residents (with City water/Sullivan County/Kingsport zip code) 69.75% located inside City limits 69.75% x 1,810 = 1,262 estimated new city residents $10,382 retail sales per capita (TN, U.S. Census 2002) $10,382 x 1,810 = $13,107,015 in new retail sales Local sales tax = 2.5% 2.5% x $11,254,088 = $327,675 sales tax revenue per year (divided between City and Schools)

The Edinburgh An example of property taxes generated by newcomers 2009: 15 housing units appraised by County at average of $353,720 each $1,716 per year in City property taxes x 15 units = $25,733 annual revenue $1,884 per year in County property taxes x 15 units = $28,253 annual revenue 300 units at build-out (if valued at today’s rates) $1,716 City property tax x 300 units = $514,663 per year $1,884 County property tax x 300 units = $565,068 per year 787 net new residential water connections (July 1, 2006 – June 30, 2009) Census average = 2.3 persons per household 787 x 2.3 = 1,810 new residents (with City water/Sullivan County/Kingsport zip code) 59.9% located inside City limits 59.9% x 1,810 = 1,084 estimated new city residents $10,382 retail sales per capita (TN, U.S. Census 2002) $10,382 x 1,084 = $11,254,088 in new retail sales Local sales tax = 2.5% 2.5% x $11,254,088 = $281,352 per year