Edmond’s monthly sales tax update
Edmond continues to see positive sales tax activity. Sales tax collections for the month of July totaled $6,776,529. Annual year‐to‐date sales tax collections for 2021 total $45,052,276, which is a nine percent increase over the same period in 2020.
The top three sales tax categories by North American Industrial Classification System (NAICS) code continue to be NAICS 45211: Department Stores, NAICS 44419/444190: Other Building Material Dealers, and NAICS 44511/445110: Supermarkets and Other Grocery. The Department Stores category remains the top category with steady annual year‐to‐date collections of approximately $7 million in both 2021 and 2020.
Other Building Material Dealers collections continue to increase in year‐to‐date collections. This increase coincides with a more than 50 percent increase in the number of new residential building permits as well as a more than 65 percent increase in the dollar value of new residential permits over last year. The Supermarkets and Other Grocery category has seen a decrease in year‐to‐date collections but is still consistently the third-largest category overall.
Just outside the top three categories is NAICS 722110/722511: Full-Service Restaurants, which has seen a significant increase in collections since last year. The broader category NAICS 722: Restaurants, Drinking Places & Caterers has seen a more than 20 percent increase in collections. This category includes Full‐Service Restaurants, Limited‐Service Restaurants, Cafeterias & Buffets, Caterers, Mobile Food Services, and Drinking Places.
New restaurants opening recently in Edmond include Neighborhood JAM, HunnyBunny Biscuit Co., and Organic Squeeze. A list of new and upcoming restaurants can be found here.
For more information on sales tax collections, commercial and residential building permits, and demographics, visit the EEDA website. The site offers extensive data on a number of topics, but if additional information is needed beyond what the site provides, the Edmond Economic Development Authority (EEDA) is able to create customized reports. Contact the EEDA to learn more.
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About Sarah Dickson
Sarah Dickson is the communications director for the Edmond Economic Development Authority (EEDA). Sarah has been with the EEDA more than 10 years, serving in multiple communications roles. She is responsible for producing demographic, workforce, economic, and statistical reports as well as managing all communications for the organization.
Sarah is a graduate of the University of Oklahoma Economic Development Institute (OU/EDI) and Leadership Edmond Class XXV. Sarah serves on the boards for the Public Relations Society of America – Oklahoma City Chapter and the Oklahoma Council on Economic Education. She is also an active member of the Oklahoma Venture Forum.
Sarah has earned her Accreditation in Public Relations (APR) as well as the designation of Certified Economic Developer (CEcD).