How Tahoe Measures Business Environment
The business environment within a community influences the financial health and employment opportunities of its residents, as well as the character of the community. It is important that the business environment in Tahoe promote essential industries, like tourism, as well as create diversity in the economy so that the region is better equipped to withstand macro-economic downturns.
Transient Occupancy Tax (TOT)
Tourism is the primary economic driver in the Lake Tahoe Region, roughly 40% of the overall economy in the region. Transient Occupancy Tax (TOT) revenue generated from tourist accommodations are a significant income stream to local jurisdictions. Transient Occupancy Tax (TOT) revenues are also a measure of tourism activity in the Lake Tahoe Region, as such, measuring visitor activity is critical to monitoring the economic health of the area.
This indicator measures the total annual TOT revenues collected from overnight lodging facilities in the Lake Tahoe Region. TOT rates range from 8% to 13% in the Lake Tahoe Region and apply to all transient lodging units that are occupied for less than 30 days. TOT revenues are collected by each county and city for all lodging facilities located within their jurisdiction.
Note: For Placer County, TOT collected at Alpine Meadows and Squaw Valley is not included in the numbers below as these locations are outside of the Tahoe Region.
Employment By Industry
Increasing industry diversification will increase the resilience of the local economy to macroeconomic trends, reducing the impacts of a recession and increasing the region’s ability to capitalize on a range of opportunities during periods of economic growth. Employment numbers by industry show the diversification and health of each sector of the economy, identifying which industries are hiring more workers and which industries are laying more workers off. This creates an understanding of which industries in the Lake Tahoe Region are consolidating and expanding, and how policies and investments aimed at supporting specific industries are performing.
This indicator measures the number of employees per industry in the Lake Tahoe Region.
Increasing industry diversification will increase the resilience of the local economy to macroeconomic trends, reducing the impacts of a recession and increasing the region’s ability to capitalize on a range of opportunities during periods of economic growth. Employment numbers by industry show the diversification and health of each sector of the economy, identifying which industries are hiring more workers and which industries are laying more workers off. This creates an understanding of which industries in the Tahoe Basin are consolidating and expanding, and how policies and investments aimed at supporting specific industries are performing.
This indicator measures the number of employees per industry in the Tahoe Basin. Employment information is collected through the US Census American Community Survey (ACS). Employment numbers include any full and part-time paid employee who are on a business’ payroll at some point during the ACS reporting period.
Data for 2012-2016 does not include data for zip code 96150. Data was unavailable via the Census website.
What is Tahoe Doing to Improve Business Environment
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Distribution of Residential Development
Concentrating the development of residential housing reduces the travel time and cost for residents to access retail facilities, facilitates additional visits to retail facilities and reduces public sector investments in infrastructure outside of the urban areas. These changes cause the concentrated areas of development to become economic hubs that generate higher private sector revenues, become community gathering areas and cause the public sector to increase infrastructure investments (e.g. walking paths, parks) in concentrated development areas. In addition, many of the region’s environmental problems are due to past and existing development.
This indicator measures the annual percentage of residential units, located within defined Residential Centers in the Lake Tahoe Region. The Tahoe Regional Planning Agency’s Regional Plan defines specific boundaries for these existing Centers, generally including all concentrated areas of development and properties within ¼ mile of existing commercial and public services land uses.
Distribution of Commercial Development
Concentrating the development of retail and office space reduces the travel time and cost for residents and tourists to access retail facilities, facilitates additional visits to retail facilities and reduces public sector investments in infrastructure outside of the urban areas. These changes cause the concentrated areas of development to become economic hubs that generate higher private sector revenues, become community gathering areas and cause the public sector to increase infrastructure investments (e.g. walking paths, parks) in concentrated development areas. In addition, many of the region’s environmental problems are due to past and existing development.
This indicator measures the annual percentage of commercial floor area (CFA) located within defined Commercial Centers in the Lake Tahoe Region. The Tahoe Regional Planning Agency’s Regional Plan defines specific boundaries for these existing Centers, generally including all concentrated areas of development and properties within ¼ mile of existing commercial and public services land uses.
Distribution of Tourist Accommodation Units
Concentrating the development of tourist accommodations reduces the travel time and cost for residents and tourists to access retail facilities, facilitates additional visits to retail facilities and reduces public sector investments in infrastructure outside of the urban areas. These changes cause the concentrated areas of development to become economic hubs that generate higher private sector revenues, become community gathering areas and cause the public sector to increase infrastructure investments (e.g. walking paths, parks) in concentrated development areas. In addition, many of the region’s environmental problems are due to past and existing development.
This indicator measures the annual percentage of tourist accommodation units (TAU) located within defined Tourist Centers in the Lake Tahoe Region. The Tahoe Regional Planning Agency’s Regional Plan defines specific boundaries for these existing Centers, generally including all concentrated areas of development and properties within ¼ mile of existing commercial and public services land uses.
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