Tag Archives: Pam May

Economic & Community Development Opportunities – Jan 2019

{Pam May, Interim President & CEO, Alliance}

Tennessee’s Department of Economic & Community Development has established 176 tracts in the state that are qualified Opportunity Zones, providing tax benefits to investors through Opportunity Funds. One of those tracts is in Roane County (census tract 47145030600). Through the Tax Cuts and Jobs Act of 2017, established by Congress, Tennessee established these zones that offer incentives to invest in low-income communities. By re-investing capital gains into an Opportunity Fund, three types of tax benefits are available: temporary deferral, a step-up basis, and permanent exclusion on capital gains accrued after the initial investment.

Qualifying investments include multifamily housing, industrial development, brownfield redevelopment, retail development, operating businesses and a variety of other investments. Additionally, these investments can be paired with almost any federal, state or local incentive.

Justin Snow, Director of Economic Development, the Roane Alliance, attended a seminar provided by the state to learn more about the incentives. In addition, developers have shown interest in finding investors for projects within the Roane County Tract.

To learn more details about the opportunities visit tn.gov/ecd/opportunityzones or if interested in investing in Roane County contact Justin at 865.376.2093 x202 or jsnow@roanealliance.org.

Roane County Awarded AARC Seal of Approval – Dec 2018

{Pam May – Interim President & CEO, Roane Alliance}

Roane County was awarded the Seal of Approval from the American Association of Retirement Communities (AARC) during their recent conference. Pam May, Interim President of the Roane Alliance, attended the conference to accept the award and to learn from the nation’s leading organization on attracting retirees.

“Roane County has the lifestyle that many retirees are looking for, which is one of the reasons we received this recognition, but we also are recognized because of our efforts through the Alliance’s Retire Roane program,” said May. “We work closely with the state through the Retire Tennessee program to share advertising in key retiree markets like Illinois and New York and are seeing an influx of retirees from those states, as well as others.”

“The award is presented annually to recipients that demonstrate a strong commitment to making their community a top destination through lifestyle programming, amenity development, communication, and education,” said AARC chairperson Rachel Baker. “Roane County has shown they are committed to working to attract retirees.”

“The Soak in Roane Campaign remains very successful, so we are looking to do the same type of campaign for Retire Roane, taking our retiree recruiting efforts to the next level,” said May. “By summer we should see an increase not only in inquiries from retirees but also from visitor spending since they are visitors before they are residents.” RetireRoane.com

Visitors Spend Millions in Roane – Nov 2018

{Pam May – Interim President & CEO, Roane Alliance}

Visitors spent $69.82M in Roane County in 2017, based on the latest numbers from the U.S. Travel Association and the Tennessee Department of Tourist Development. This was an increase of $2.33M over 2016 and one of the largest increases in the past five years. In fact, visitor spending has increased by $7.63M just in the last four years, which is almost double the prior four years that only saw an increase of $2.75M.

How does this affect our residents? Every Roane County household would have had to pay $353 more in taxes last year without the $7.89M generated by visitors who spent money in Roane. In addition, 70 new jobs have been created in the hospitality industry since 2013, now totaling 490 jobs.

The state announced this year that tourism is the 2nd largest industry in Tennessee. Roane County has the perfect location, quality of life and assets to benefit more every year. One of the most successful marketing campaigns, Soak in Roane, continues to market Roane like never before, bringing in more events and more visitors. So next time you see an out-of-state license plate or know someone isn’t “from ‘round here” welcome them and encourage them to check out your favorite place to eat or shop because the longer they stay and the more they spend helps every Roane County household save money.

Bigger and Better K-25 Overlook – Oct 2018

{Pam May – Interim President & CEO, The Roane Alliance}

If you have traveled lately on S.R. 58 near the Heritage Center entrance, you probably noticed construction happening at the K-25 Overlook. An expansion is underway to create a nice space where visitors can learn about recreational opportunities in the area, while also learning about the Manhattan Project National Historical Park. Outdoor gathering spaces and restrooms will be included near the overlook. There are also plans for trails on the property that will provide a glimpse into Happy Valley, a boomtown of 15,000 workers building K-25 that existed from 1943 until 1947. Today there is very little evidence of the city that included a school, theatre, bowling alley, post office, and grocery store. Remnants of the town remain on the property – slabs, fire hydrants, and even a car were left behind. The K-25 Overlook and Visitor Center should be back open to the public sometime in October.

Happy Valley

Happy Valley Service Station