Have you ever wondered just what the impact on the local economy was with the fishing tournaments that are held on Lake Champlain?
A recent study by a SUNY Plattsburgh professor shows that for every $1 invested in host fees and in-kind services, $88 was returned directly to the local economy. These tournaments generated over 2 million dollars last year, and created nearly 30 full time jobs.
Read more in this article from the Sun Community News:
The summer series of Plattsburgh-based professional bass fishing tournaments bring in $2.2 million annually in direct and indirect spending to the region, according to an economic impact study sponsored by the Adirondack Coast Visitors Bureau, a division of the North Country Chamber of Commerce.
The economic impact study, done by Dr. Stephen Henry of SUNY Plattsburgh, reported:
• $2,186,655 generated annually in direct and indirect spending to the region
• Each tournament participant represented an average of 2.43 travelers, therefore bringing in an estimated 1,740 visitors to the community
• 29.2 full time regional jobs created
• Anglers stayed an average of 4.27 nights during each stay and 75 percent of the survey respondents made use of commercial lodging properties, including hotels, motels and campgrounds
• For every one dollar invested in host fees and in-kind services $88 was returned directly to the local economy
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