Economist doubles initial estimates of Tyler beer and wine sales - KYTX CBS 19 Tyler Longview News Weather Sports

Economist doubles initial estimates of Tyler beer and wine sales' economic impact

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TYLER (TYLER MORNING TELEGRAPH) - An economic impact study initiated by the Tyler Economic Development Council shows expanded sales of beer and wine for off premise consumption would generate more than $100 million in new business activity, more than 1,600 jobs and almost $5 million in tax revenue.

Economist Ray Perryman, of the Perryman Group, shared his findings with more than 60 businessmen and women today. The numbers are almost double his early estimates.
Perryman said the reason the numbers were higher is because Tyler is distinctly different than other typical communities of its size because it is "a retail Mecca" in the area.

He projects that passage of beer and wine proposals in the city of Tyler and Justice of the Peace Precinct 2, which will be on November ballots, would generate $107.4 million in additional business activity, mostly in the retail sector.

Sales would also create 1,653 jobs based on his projections and $4.9 million in local tax revenue. Around 75 percent of the tax revenue would be sales taxes, he said.

Perryman said the study showed alcohol sales would expand Tyler's opportunity for economic growth and bringing businesses to the town. He said expenses to the local economy based on "social ills," such as DWIs and other alcohol related problems, did not factor much into his calculation because alcohol is readily available.

"I'm not here to give an opinion or tell you how to vote," Perryman said. "I was asked what the economic impact of alcohol would be on Tyler and those are the numbers."
 
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