What do you think was the economic stimulus of the 2015 Ontario Scotties? Description: Small venue, 10 teams of four women and a coach, capacity of 250 persons viewing… Dismiss not this valuable commodity. Consider this:
The Total Economic Impact is comprised of Direct and Indirect expenditures. There are also Induced values.
- employment of staff
- goods and services to run the event
- provisions to volunteers and organizers
Indirect Impacts result from the expenditures by individual participants in the event such as volunteers (est. 75), players/coaches (50+), officials (15), families/friends of participants (100+), other visitors (150+) primarily spending on:
- Transportation: fuel; maintenance; rental
- other externalities
Induced Impacts results from the employees and local residents purchasing good and services during the event, external to normal purchasing. This is a difficult number to evaluate, but assumptions can be made that this event stimulates spending on things other than what happened at the Penetanguishene Curling Club. The resulting profits from the event will further be expended to improve the Curling Club. It is the Induced Impacts that warrant the Town’s encouragement to sports groups to be active. And what of the local, provincial and national media attention!!?? There were impacts of which no exact monetary value can be assigned.
To evaluate, consider the time over which planning and actual tournament operations occur. The planning is one year for a 7-day event.
|Travel Impact Industry General Weight|
|Food Services 20%|
|Arts, Entertainment, and Recreation 50%|
|Ground Transportation 13%|
Without getting into the evaluative details, 2015 Ontario Scotties generated over $250,000 into the local economy. This is not a minor economic generator for a small population centre. The organizers are to be commended for their diligence and community spirit. Take that to your councillors and area businesses.
If you desire further detail regarding the evaluation, you can contact Mark Inglis at email@example.com