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Updated: 3:30 PM Jan 28, 2008
Million$ Pouring Into Tennessee's Economy
Campbell County (WVLT) -- More than $13 million dollars is pouring into Tennessee's economy this fiscal year alone.
Posted: 3:30 PM Jan 28, 2008 |
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Campbell County (WVLT) -- More than $13 million dollars is pouring into Tennessee's economy this fiscal year alone.
That's according to a recent economic impact study of Lincoln Memorial University's DeBusk College of Osteopathic Medicine.
The study was prepared by the National Center for Rural Health Works and examines four primary areas.
Dr. Gerald Doeksen says, "You not only have staff here. You've got construction activities they've created. You've got students that come in and spend money, and then you've got visitors that eventually come in and spend money."
Dr. Doekson adds that two sectors in particular are really getting a boost.
Retail will gain more than four-million dollars during the current fiscal-year.
Dr. Doekson points to the availability of healthcare and a low crime rate as the top two reasons a retiree will locate to an area.
Potentially making retirees a part of the economic boon to the Tennessee, Kentucky, Virginia region that surrounds the LMU campus.
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