What is here…
Two of the country’s three most-visited national recreation areas. Together they bring $100 million in consumer spending every year.
- Great Smoky Mountains National Park – America’s Most Visited National Park Cherokee is a key entrance to the Great Smoky Mountains National Park with more than 2.2 million visitors coming through Cherokee via the park each year.
- Blue Ridge Parkway – More than 500,000 people travel through Cherokee via the Blue Ridge Parkway every year. The Parkway is the country’s second most visited recreation area, and Cherokee is the southern terminus of this scenic roadway.
Harrah’s Cherokee Casino and Hotel – North Carolina’s largest hotel
- With 3.6 million visitors annually, Harrah’s Cherokee is the most visited attraction in North Carolina. Visitors to the casino have higher average incomes than non-casino visitors.
- Harrah’s is in the midst of a $650 million expansion but will broaden the Cherokee experience for visitors. Gaming space will be doubled, a spa and 3000-seat entertainment venue added, as well as a new 22-story hotel tower, which will make Harrah’s Cherokee the largest hotel in North Carolina.
- There’s a range of shopping, dining, entertainment, mid to upscale, for visitors.
Daytime employment base – the largest west of Asheville that is a tremendous, underserved local market with an unprecedented opportunity for retail and service.
- Combined employment of Harrah’s and other tribal entities is estimated to grow to 4,700 by 2012.
- Already, the 10-mile radius of Cherokee represents $40 million in potential spending.
- High discretionary income from tribal entities and activities; semi-annual per capita payments to adult enrolled members of the Cherokee totals nearly $100 million per year.
Special tax incentives for business on Indian lands
- We are all optimisic about our economy and its potential for your business. Currently, the opportunity for an excellent tax incentive exists in teh IRS Code, Section 45(a) which provides a tax credit of up to $20,000 per year for each Native American employed.
- IRS code provides for accelerated depreciation opportunities for investments made on Indian lands.
Native American Business Entrepreneurial Center
- When it comes to building a business in Cherokee, you are not alone. We can direct you for help with business planning and development, licensing, site location and the application process.
First – rate infrastructure and facilitation to build your business
- Broadband fiber optic service through Balsam West Fiber Net
- Qualified, expert assistance to entrepreneurs and independent retailers
- Quality educational opportunities at nearby prestigious Western Carolina University and Southwest Community College
- Prime storefront locations
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