Quantcast

TomorrowWorld Generated $85 Million for Local Economy in Georgia

Last September, TomorrowWorld made its USA introduction by hosting a 3 day festival in South Fulton County in Atlanta, Georgia. Over 120,000 electronic music fans from across the world came together to see over 300 DJs perform on 500 acres of land. The LA based Beacon Economics calculated that $85.1 million, with $70 million of it in Atlanta and neighboring areas was generated for the local economy.

“This matches the $70 million impact generated for the city from the NCAA Final Four Championship games held in March 2013. Visiting attendees’ direct expenditures added $28.7 million into the local economy across areas such as lodging, restaurants, sight-seeing, etc. An estimated $4.3 million in tax revenues went to the state and local governments as a result of event-related spending for Tomorrowworld 2013, the equivalent of hiring 80 full-time school teachers for one year at a salary of $53,000. Labor income for workers in the Atlanta and the state of Georgia increased by $34 million thanks to the direct and indirect work needed to support the impact of the event and the visitors. Tomorrowworld employed the equivalent of 749 annual full time jobs,” according to Georgia Unified.

Post Your Comments

comments

comments powered by Disqus