Greater Dayton region sees increase in sales tax revenue

DAYTON, Ohio (WDTN) – A new report from the Dayton Area Chamber of Commerce shows Miami Valley residents have jobs and are spending more.

According to the latest numbers, sales tax revenue is up 6.4 percent. Montgomery county alone gained an extra three million dollars in sales tax revenue in the third quarter of last year.

Juanita Darden-Jones owns Third Perk, a coffee shop and wine bar in downtown Dayton. She opened its doors in June of 2015 and said business has been good since.

“As a business, we want to be able to pour back into the community and we can only pour back in the comunity only if we have customers who are actually pouring into us,” Darden-Jones said.

In the spring, Darden-Jones is set to open a second location to accompany her one at Fifth and Ludlow.

According to Dayton Area Chamber of commerce vice president, Chris Kershner, other area businesses are doing well, too.

A recent report from the chamber shows sales tax revenue throughout the Miami Valley is up 6.4 percent by comparing third quarter numbers from 2014 to 2015.

“What that means is there’s more money in peoples pockets. People are feeling a little more confident in the economy and they’re going out and spending that money with Dayton area companies,” Kershner said.

Montgomery county alone gained roughly three million extra dollars according to Kershner. How that money gets used is up to the local county governments.

“They have county services they will provide with those tax collections but some are working to payback and amend the down times they had. That money is hopefully being used well by all local governments,” Kershner said.

As for Darden-Jones, who’s also a Dayton native, she’s glad to see her hometown, and the surrounding area improving economically.

“We are absolutely turning around. There’s an increase in jobs available it seems like we’ve got a lot of new businesses coming,” Darden-Jones said.

Kershner expects a similar, if not better sales tax revenue numbers for the final quarter of last year with an added boost from the holidays.

 

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