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Tue Jan 29, 2013, 05:08 AM

Democratic National Convention economic impact



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/2013/01/28/3818143/dnc-economic-numbers-to-be-announced.html#storylink=misearch#storylink=cpy


More at link: http://www.charlotteobserver.com/2013/01/28/3818143/dnc-economic-numbers-to-be-announced.html#storylink=misearch

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Reply Democratic National Convention economic impact (Original post)
littlemissmartypants Jan 2013 OP
jimmy the one Jan 2013 #1
LiberalFighter Jan 2013 #2

Response to littlemissmartypants (Original post)

Tue Jan 29, 2013, 01:06 PM

1. A Big North Carolina Thank You Too! - went romney

September’s Democratic National Convention injected $91 million in new spending into the local north carolina economy, for a total economic impact of nearly $164 million, according to a consultant’s...
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,”


And Obama & We Democrats Thank North Carlina for their Reciprocative Support!!!

er, wait a minute, uh, livin' up to your name lmsp!!!!

Think Repubs will be chomping the bit to get north carolina to switch to proportioned electoral college votes?

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Response to littlemissmartypants (Original post)

Tue Jan 29, 2013, 06:17 PM

2. Tax revenue was 80% higher compared to Septemeber 2011

There were 61,246 DNC hotel room nights compared to 150,000 in an entire year. Their CIAA basketball tournament usually has about 45,000 nights.

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