Social and Behavioral Sciences Commons^™

The Economic Impact Of The 2016 National Cherry Festival, Grand Valley State University, Christian Glupker

Other Faculty Publications

The National Cherry Festival, July 2-9, 2016, is estimated to have generated or supported economic benefits for Grand Traverse County and Suttons Bay in the following ways:

• $19.0 million increase in economic output
• $11.3 million increase in direct spending
• $5.3 million increase in total earnings
• $1.1 million in new spending by the Cherry Festival organization
• Creating 228 local jobs
• Prompting $66.43 in average daily spending for all visitors
• Bringing $53.00 in per-person, per-day direct spending

Going For The Gold: The Economics Of The Olympics, Victor Matheson, Robert Baade

Economics Department Working Papers

In this paper, we explore the costs and benefits of hosting the Olympic Games. On the cost side, there are three major categories: general infrastructure such as transportation and housing to accommodate athletes and fans; specific sports infrastructure required for competition venues; and operational costs, including general administration as well as the opening and closing ceremony and security. Three major categories of benefits also exist: the short-run benefits of tourist spending during the Games; the long-run benefits or the "Olympic legacy" which might include improvements in infrastructure and increased trade, foreign investment, or tourism after the Games; and intangible benefits …