Economic Impact

2010-2011 Economic Impact Study

For every dollar and in-kind service invested in the Junior Orange Bowl Committee’s activities, the local economy will see the following: a total economic multiplier of 1.65 in additional hotel expenditures, 1.97 in local restaurant expenditures, and 1.93 in retail trade activity.

• The result, a 5.55 multiplier times the amount invested yields increased economic activity of yields a first, second, third and subsequent diminishing waves of economic activity of approximately $14,675,000.00
• A total increase in earnings to the community of some $5,950,000.00
• A net increase during the season of some 4,196 part time jobs.
• A net increase in area retail trade [read taxable economic activity] of some $7,987,400.00 dollars in sales, which would translate into approximately $599,055.00 in sales taxes recaptured by the State government.

Read the full 2010-2011 Economic Impact Study here

- Prepared by Robert Bueso, Ph.D of The Valuation Group, Inc.