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Information Articles for the Clarksville TN and Montgomery County Tennessee area

Articles

Information Articles for the Clarksville TN and Montgomery County Tennessee area

Montgomery County Ranks 9th in Tennessee for Tourism Spending in 2020

September 24, 2021

Visit Clarksville TennesseeClarksville, TN – Clarksville-Montgomery County visitor spending outpaced the state and nation during 2020, despite a global pandemic.

Local tourism generated $252.14 million in domestic and international travel spending in 2020, a 28 percent decline from the previous year according to newly-released economic impact data from U.S. Travel Association and Tourism Economics. Tourism spending decreased 32 percent in Tennessee and 42 percent in the nation in 2020.

A visiting family masks up at the TSSAA Middle Cross County State Finals held in Clarksville in October 2020. (Visit Clarksville)

A visiting family masks up at the TSSAA Middle Cross County State Finals held in Clarksville in October 2020. (Visit Clarksville)

During the Governor’s Conference on Tourism, last week Department of Tourist Development Commissioner Mark Ezell announced that Tennessee’s leisure and hospitality industry was on a record track the first two months of 2020. COVID-19 was the largest crisis to hit the leisure and hospitality industry in history.

“Tennessee proved our resiliency by outperforming the nation,” he said. “During April, May, and June [2021] our tax revenue is out-performing pre-COVID numbers. And from April 2020 through January 21, Tennessee is one of only seven states with a positive percentage change in consumer spending.”

The 2020 economic impact report used a new research model that provided international data at the county level, which had previously only been available at the state level, as well as more comprehensive lodging information using mobile data. The report also breaks down spending by industry sector for the first time. All county-level reporting was adjusted back to 2015 to incorporate the more thorough and detailed data. 

Between 2015 and 2019, annual visitor spending in Montgomery County increased from $281 million to $352.5 million, a 25.4 percent increase, then decreased to $252 million in 2020. Average visitor spending in Montgomery County totaled just under $689,000 per day in 2020.

“We’ve experienced record-breaking growth in tourism during the previous five years,” said Visit Clarksville Board of Directors Chairman Matt Cunningham. “And we’ve not stopped marketing, so we’re well-positioned for a strong economic rebound. Like the state, we saw the beginnings of a big bounce-back in the early summer. Visitors and residents have made excellent use of our outdoor assets and recreational opportunities. We also have such a variety of restaurants here, and most all of them adapted well to meet safety protocols. These have given visitors and residents opportunities to experience our community safely and still support the local economy.”

Data from the Tourism Economics report showed that direct state and local taxes generated by tourist activity totaled $21 million. As a result of visitor spending, each household in Montgomery County pays $290 less in state and local taxes. Counting indirect spending throughs supporting industries, that amount totals $436 per household annually.


Other report highlights for Montgomery County:

  • Direct labor income, or payroll, totaled $81.46 million, with 3,300 persons directly employed in tourism sectors.
  • Food and Beverage spending totaled $90.5 million
  • Lodging spending totaled $44.95 million
  • Retail spending totaled $36.8 million
  • Recreation spending totaled $20.56 million
  • Transportation spending totaled $59.3 million

Visitor spending in Tennessee’s top nine counties in 2020:

  1. Davidson County, $4.48 billion, down 43.2 percent
  2. Shelby County, $2.57 billion, down 31.7 percent
  3. Sevier County, $2.38 billion, down 13.5 percent
  4. Knox County $1.16 billion, down 31.7 percent
  5. Hamilton County, $1.07 billion, down 30.2 percent
  6. Williamson County, $775 million, down 31.1 percent
  7. Rutherford County, $472 million, down 27.6 percent
  8. Blount County, $337 million, down 33.8 percent
  9. Montgomery County, $252 million, down 28.5 percent

During 2020, Visit Clarksville hosted sports competitions in soccer, track & field, baseball, and softball that generated $9.3 million in visitor spending. In 2021, outdoor events kicked off again in May with baseball, track & field, and softball.


In July, Visit Clarksville hosted its first indoor sports competition with the AAU Boys National Basketball Championship, followed by another large outdoor softball tournament. This fall the TSSAA Middle School Cross Country State Finals takes place October 1st-2nd at Weakley Park, and the TACA East vs. West All-Star Football Championship happens December 7th-10th at Austin Peay State University.

“Fortunately, we weren’t completely shut down,” said Visit Clarksville Executive Director, Theresa Harrington. “Competitive sports, especially outdoor events, did still happen. We are blessed to have facilities that can accommodate those, and we worked with event organizers to make sure protocols were in place that kept everyone safe and still provided an excellent guest experience. In most cases, we are seeing fewer teams and attendance, but the good news is that people are traveling again, and that boosts the economy and benefits everyone.”

Cunningham also expressed optimism about the future of tourism in Montgomery County.

“From a tourism standpoint, we have a well-rounded economy because we’re not dependent on one primary attraction,” he said. “We have outstanding recreational assets and scenic beauty, historic attractions, family fun centers, entertainment, performing and visual arts, local shopping, a diverse food scene, and an emerging craft beverage scene. It’s been a hard year and many businesses have felt losses from reduced travel, but we’ve fared better than many places. We’ve had a good first quarter, so we’re looking ahead, planning ahead, and expecting economic prosperity again for all of our industries.”

About Visit Clarksville

The Clarksville-Montgomery County Tourism Commission was established by the State of Tennessee in 1979 to positively influences tourism in the Clarksville-Montgomery County area by promoting tourist attractions, hosting conventions and group tours, and engaging in large-scale marketing efforts. In 2015, the organization adopted the Visit Clarksville brand. Visit Clarksville is governed by a nine-member board of directors and is funded by a portion of the local hotel/motel tax.

Legends Bank Introduces Her Bank

May 23, 2021

Legends Bank of Clarksville, TNClarksville, TN – Legends Bank introduces a new brand to provide a better banking experience for women.

Her Bank officially launched on May 18th with a kick-off event at Ozari in Nashville, Tennessee.

Her bank by Legends Bank Brand Reveal. (Kathryn Ely)

Her bank by Legends Bank Brand Reveal. (Kathryn Ely)

[Read more]

F&M Bank announces Kimberly Miller to head Treasury Solutions

May 12, 2021

F&M BankClarksville, TN – F&M Bank has hired Kimberly Miller as VP/Treasury Solutions Officer. Miller has a decade of working in the financial services industry. Her previous experiences include bank partner development with focuses on small business, commercial, mortgage, treasury management, and merchant services.

Miller attended Western Kentucky University. She is an active member of several local non-profit and professional organizations.

Kimberly Miller

Kimberly Miller

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John Peck joins F&M Bank

May 5, 2021

F&M BankClarksville, TN – John Peck has recently accepted the position of Executive Vice President with F&M Bank.

“John’s vast experience in commercial and retail lending, strong leadership skills, and exceptional knowledge of the communities we serve, make him a perfect addition to our leadership team,” said Sammy Stuard, President/CEO.

Peck has an impressive resume of banking experience spanning over a thirty-year career. He earned a Bachelor of Science degree in Business Administration and is a graduate of LSU School of Banking.

John Peck

John Peck

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Austin Peay State University theatre professor sewing masks for health care workers, Operation Come Together

April 29, 2020

Austin Peay State University - APSUClarksville, TN – When the coronavirus pandemic forced Austin Peay State University (APSU) Professor Leni Dyer to stay home in mid-March, she wanted to find a way to help during the crisis.

“My first instinct was how can I help, what can I do other than just sitting at home waiting for this to end?” Dyer said. “What can I do to help people?”

Austin Peay State University Professor Leni Dyer models one of the masks she made herself, inspired by pop artist Roy Lichtenstein. (APSU)

Austin Peay State University Professor Leni Dyer models one of the masks she made herself, inspired by pop artist Roy Lichtenstein. (APSU)

[Read more]

Austin Peay State University’s Industry Summit provides path for region’s future

October 11, 2019

Austin Peay State University - APSUClarksville, TN – Every year, around 40,000 people leave places like Chicago, Atlanta and Miami for a new life in Nashville, but after they reach Tennessee’s state capitol, they often head another 40 miles north.

Former U.S. Ambassador to Japan Bill Hagerty delivers the keynote address. (APSU)

Former U.S. Ambassador to Japan Bill Hagerty delivers the keynote address. (APSU)

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Zach Wilbanks Named Mortgage Loan Originator for F&M Mortgage

May 21, 2019

F&M BankClarksville, TN – Zach Wilbanks has been named a mortgage loan officer at F&M Mortgage, a division of F&M Bank.

In his new role, Zach will assist clients with a variety of mortgage lending solutions, while establishing new business relationships and strengthening his presence in the surrounding areas. 

A graduate of Austin Peay State University (APSU) College of Business, Wilbanks is a resident of Clarksville Tennessee. 

 

F&M Bank - Zach Wilbanks

F&M Bank – Zach Wilbanks

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F&M Tops Montgomery and Stewart County Market Share Rankings Again

October 10, 2017

F&M BankClarksville, TN – During a 12-month period when Montgomery County’s total bank deposits jumped by $175.8 million, F&M Bank remained in the top position among FDIC-insured banks with a 19.01% market share.  It is the 14th consecutive year that F&M has maintained its market-leading ranking.

The fact that seven of the 11 Montgomery County banks have 10% or more of deposit market share underscores the extraordinary competitiveness within the market.

The updated market share reports – recently posted on the FDIC website – are based on federally insured deposits of banks and thrifts through June 30th, 2017.

Sammy Stuard, F&M Bank President and CEO.

Sammy Stuard, F&M Bank President and CEO.

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7th annual Joint Conference on Juvenile Justice to be held at APSU on April 8th

April 6, 2017

Austin Peay State University - APSUClarksville, TN – On Saturday, April 8th, 2017, the Montgomery County Disproportionate Minority Contact (DMC) Task Force, the Tennessee Commission on Children and Youth, the MerryInGOD Foundation and Austin Peay State University will present the 7th Annual Joint Conference on Juvenile Justice.

Austin Peay State University's Morgan University Center. (APSU)

Austin Peay State University’s Morgan University Center. (APSU)

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F&M Bank Opens New Office in Hendersonville

January 10, 2017

F&M BankHendersonville, TX – F&M Bank has been providing financial services in Hendersonville since 2008. Beginning January 17th, the Middle Tennessee-rooted bank is taking an ambitious step forward in Sumner County by opening a new 10,000 square foot office in the heart of Hendersonville’s Indian Lake commercial district.

The spacious new facility, located at 221 Indian Lake Boulevard, replaces the bank’s former quarters at 100 Bluegrass Commons. The new office will accommodate F&M’s growing banking and mortgage staff and will provide customers with a dedicated mortgage services entrance.

F&M Bank’s new 10,000 sq. ft. office at 221 Indian Lake Boulevard in Hendersonville Tennessee.

F&M Bank’s new 10,000 sq. ft. office at 221 Indian Lake Boulevard in Hendersonville Tennessee.

[Read more]

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