Yeah! Tax credit for Adventure Tourism businesses

Tennessee has it going!

A bill is in the Tennessee legislature to give business a $4500 tax credit for each job created in the Adventure Tourism industry. The purpose of the bill is to encourage tourism in rural counties.

See Lawmakers want tax credits for ‘adventure tourism’

What do you think? Leave a comment.

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We’ve known it for years! Adventure Tourism boosts the local economy.

George Washington University study shows adventure tourism boost’s local economies.

The study not only found that adventure tourism was a viable economic opportunity but also a rapidly growing market. The market is much larger than thought and growing rapidly. Additionally, no new infrastructure is needed to create or support the adventure tourism industry.

Because no new infrastructure is needed, the local environment should be preserved to support and grow this part of the economy.

89 million was spent on adventure tourism in 2009, 56 million of that on gear alone.
However, you knew that right!

The study was conducted by the George Washington University International Institute of Tourism Studies.
See Adventure tourism key to boosting economies.

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