Thursday, July 5, 2012

Measuring the Economic Impact of Special Events, a Case Study from Missisippi


A research team for the annual Peter Anderson Arts Festival that takes place in Ocean Springs, Mississippi recently completed their second economic impact study to measure the positive influences the event has on the local economy.  The first economic impact study of the event, conducted in 2010, revealed that the annual festival grossed $13 million in a town of 18,000 people. 


The local economies of many towns depend on the revenue, employment and income that festivals and events bring to the community.  The Peter Anderson Arts Festival happens on a very large scale in a larger town, but check out the article at the above link to learn more about the local tourism strategies and the economic impacts that events and festivals can have on the local economy.

On another note, the Ned Smith Nature and Arts Festival is coming up in Millersburg on July 28th!

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