Sales tax revenue up since Sheetz opening

July 27, 2013

It’s been a successful four months for Sheetz since its grand opening - and for the town of Yadkinville and the county.

Sales tax collections are up since the March 28 grand opening of Sheetz beside of Highway 421, although officials say they can’t attribute the entire increase to Sheetz.

Yadkinville’s finance officer Dina Reavis said March 2013’s sales tax revenue was $27,797.82 and April’s was $29,053.17.

The numbers were lower the previous year, with March 2012 reporting $24,643.36. April 2012 brought in $23,667.52.

Yadkinville Town Manager Christopher Ong said there was an “uptick” in sales revenue beginning in March and rising in April, but said it was too early to give all of the credit to Sheetz.

“Because there is a two-month lag, we have sales tax revenue data available only through May to analyze. It is premature to predict the direct long-term economic impact, but revenues are up, and that is always a good sign,” Ong said.

Yadkin County Commissioners Chairman Kevin Austin acknowledged lots of factors could play into increased sales tax collections, including the number of weekends in a month and people taking their vacations. But he also added, “I think it’s hard to ignore that Sheetz has got to be a part of it.”

“It does seem as though they are extremely busy there, and I think they are pulling a lot of traffic off of the highway,” Austin said. “I think a lot of the business that they are getting is business Yadkin County wasn’t getting before. I really believe that Sheetz has had a positive impact on sales tax revenues for the county and for the Town of Yadkinville.”

Ong said the benefits from a chain like Sheetz goes beyond just the money collected at the pump.

”There are many associated economic benefits that Sheetz brings, not the least of which are new sales tax revenue and jobs,” Ong said. He said the town would be happy to have more companies like Sheetz come in and set up shop at the Highway 421 crossroads.

“We would certainly like to see other national commercial outfits coming into the Highway 421/601 corridor and hope that the success of Sheetz will attract similar like-minded companies to the area,” Ong said. “We are happy to have Sheetz in town as they are good corporate citizens who are committed to the community.”

Taylor Pardue is infrequently in the office to his current coverage of both the Yadkin Ripple and the Elkin Tribune. To best reach him, email tpardue@civitasmedia.com. A message can be left at 336-835-1513 ext. 15 and he will return your call as soon as possible.