Economic Impact

Microsoft Word - Cullowhee River Corridor Economic Impact DRAFT

Economic Impact Study

In 2014, with funding from Blue Ridge National Heritage Partners, CuRvE commissioned an economic impact study.

The study concluded that in the near-term, development of the Cullowhee River Corridor will:

  • Add $1.2 million of new spending in Jackson County annually;
  • Support 16 new local jobs each year;
  • Generate $145 thousand in annual tax revenues.
  • In the long-term, estimates have the potential to be much greater.
  • Other potential benefits and impacts:
  • Improved health, fitness and wellness,
  • Increase property values,
  • Increase retention and attraction of residents, and
  • Improved community cohesion.

Cullowhee River Corridor Economic Impact Study 2014