breaking news

Significant Spike in Tax Revenue for Bentonville

By: Tyler Thomason

Updated: January 23, 2013

From dining.

To shining.

Registers seem to be roaring, and tax revenue is soaring.

"It shows a good, strong healthy economy," says Tom Ginn, vice-president of economic development for the Bentonville-Bella Vista Chamber of Commerce.

Businesses are booming and Bentonville might be reaping the biggest benefits.

"Bentonville saw about a 28 percent increase," Ginn says.

"That's very significant when you look at the other city comparisons."

These latest figures represent revenue from sales in November 2012 compared to the same time in 2011.

"Those taxes really add up, and I think the retail environment is improving," Ginn says.

"We're seeing some small businesses and some different organic growth withing the city."

And that 28-percent statistic is a figure that the chamber of commerce says other businesses might find pretty attractive when it comes to opening up shop in Bentonville.

"That bodes well and shows that the city is doing some great things," Ginn says.

He says timing and tourism could be contributing factors to the upswing in transactions for last November.

"You have a lot of events, and that was the one-year anniversary of Crystal Bridges," Ginn adds.

So, it really hits the restaurants and hotels and motels, those kinds of things."

A timely trend that city officials hope to see continue climbing higher.

Energizing this local economy that just keeps on growing.

"This time next year we might be having the same kind of interview with some more increases there, so that's what we look for."

Women of NWA

Meet Molly Barker
She has created a wonderful program "Girls on the Run" to help instill self confidence in young women
Read More»
Shirley 'Peaches' Peterson
Shirley "Peaches" Peterson came to Northwest Arkansas in her 40's as a self described young corporate wife looking to learn.
Read More»