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01-29-2013, 08:28 AM
http://media.charlotteobserver.com/smedia/2012/09/14/07/11/1sZe91.Em.138.JPG
September’s Democratic National Convention injected $91 million in new spending into the local economy, for a total economic impact of nearly $164 million, according to a consultant’s report released Monday.
The three-day DNC was the city’s largest convention and its most lucrative, local leaders said during a news conference Monday. More than one in five dollars poured into the local economy came from the federal government, through a security grant.
“This is the most direct spending in the history of Charlotte,” said Tom Murray, chief executive of the Charlotte Regional Visitors Authority.
The visitors group, along with the city of Charlotte and three other groups, hired Tourism Economics to conduct a detailed study of the convention’s dollars. The decision to hire an outside consultant for $25,000 came after the Visitors Authority’s past estimates of economic impact for conventions were found to be wildly inflated.
Tourism Economics said it tried to be conservative in how it calculated visitor spending
Read more here: http://www.charlotteobserver.com/2013/01/29/3818143/dnc-economic-numbers-to-be-announced.html#storylink=misearch#storylink=cpy#st orylink=cpy
September’s Democratic National Convention injected $91 million in new spending into the local economy, for a total economic impact of nearly $164 million, according to a consultant’s report released Monday.
The three-day DNC was the city’s largest convention and its most lucrative, local leaders said during a news conference Monday. More than one in five dollars poured into the local economy came from the federal government, through a security grant.
“This is the most direct spending in the history of Charlotte,” said Tom Murray, chief executive of the Charlotte Regional Visitors Authority.
The visitors group, along with the city of Charlotte and three other groups, hired Tourism Economics to conduct a detailed study of the convention’s dollars. The decision to hire an outside consultant for $25,000 came after the Visitors Authority’s past estimates of economic impact for conventions were found to be wildly inflated.
Tourism Economics said it tried to be conservative in how it calculated visitor spending
Read more here: http://www.charlotteobserver.com/2013/01/29/3818143/dnc-economic-numbers-to-be-announced.html#storylink=misearch#storylink=cpy#st orylink=cpy