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Topic:  Multiplier effect of tonight's game on regional economy

Topic:  Multiplier effect of tonight's game on regional economy
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Jeff McKinney
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Member Since: 11/12/2004
Post Count: 6,155

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  Message Not Read  Multiplier effect of tonight's game on regional economy
   Posted: 12/31/2015 12:49:17 AM 
As Billy pointed out recently, these December home games have a palpable, actually huge impact on the local economy. Economics and Business department studies on the Riverside game suggest GCP (Gross County Product) received 7% boost through hotel and restaurant business.
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bornacatfan
General User



Member Since: 8/3/2006
Post Count: 5,716

Status: Offline
  Message Not Read  RE: Multiplier effect of tonight's game on regional economy
   Posted: 12/31/2015 7:33:19 AM 
To be accurate it was stated

Quote:

I'd say each of these has to be worth 2-3 million to local businesses,



Having worked with the Muncie Chamber on several projects including bringing a National Championship event to the area and studying what filling all the local and regional hotels to maximum would mean to the local economy I chuckled when I read that number.

dividing all close to 6K attendees into those numbers and factoring in each of them buying dinner, gas, motel rooms, tshirts etc. and adding the fudge factor the Chamber uses to multiply does not even approach that impact number. Can't imagine the estimate for a football crowd.

never argue with idiots, they bring you down to their level and beat you with experience.

Winter comes and asks how you spent your summer.....

The game loves and rewards those who love and reward the game

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RSBobcat
General User



Member Since: 8/22/2010
Location: Columbus, OH
Post Count: 4,437

Status: Offline
  Message Not Read  RE: Multiplier effect of tonight's game on regional economy
   Posted: 12/31/2015 2:38:39 PM 
I spent $8 at Miller's Poultry pre game - nothing else in Athens.

Gas in Carroll on way back to Columbus.

RS Bobcat

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Alan Swank
General User

Member Since: 12/11/2004
Location: Athens, OH
Post Count: 7,233

Status: Offline
  Message Not Read  RE: Multiplier effect of tonight's game on regional economy
   Posted: 12/31/2015 3:10:49 PM 
Jeff McKinney wrote:
As Billy pointed out recently, these December home games have a palpable, actually huge impact on the local economy. Economics and Business department studies on the Riverside game suggest GCP (Gross County Product) received 7% boost through hotel and restaurant business.


Must be a really slow day in Jackson County or when you hung up your 2016 calendar this morning, you accidentally turned it to April 1.
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Jeff McKinney
Moderator

Member Since: 11/12/2004
Post Count: 6,155

Status: Offline
  Message Not Read  RE: Multiplier effect of tonight's game on regional economy
   Posted: 12/31/2015 11:10:34 PM 
Alan Swank wrote:
Jeff McKinney wrote:
As Billy pointed out recently, these December home games have a palpable, actually huge impact on the local economy. Economics and Business department studies on the Riverside game suggest GCP (Gross County Product) received 7% boost through hotel and restaurant business.


Must be a really slow day in Jackson County or when you hung up your 2016 calendar this morning, you accidentally turned it to April 1.



The latter. And BTC obviously was laying the sarcasm on thick.
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