[FESTIVAL NEWS] TomorrowWorld Pumps $85.1 Million into Georgia’s Economy

[FESTIVAL NEWS] TomorrowWorld Pumps $85.1 Million into Georgia’s Economy

[FESTIVAL NEWS] TomorrowWorld Pumps $85.1 Million into Georgia’s Economy

4
0

[FESTIVAL NEWS] TomorrowWorld Pumps $85.1 Million into Georgia's Economy

Last year, more than 140,000 people from 75 different countries – and all 50 States – converged onto the state of Georgia for the debut of TomorrowWorld. Crafted after Belgium’s infamous TomorrowLand setup, TomorrowWorld was a behemoth of a production from every angle, and it was pulled off with near perfection. With year number one in the books, Tomorrowworld organizers commissioned independent research firm Beacon Economics to measure the impact of the 3-day festival on Georgia’s economy. What they found was astonishing.

According to Beacon, Tomorrowworld garnered $85.1 million for Georgia in 2013. Here are the stats, broken down:

– Atlanta saw the greatest impact, receiving a total of $70 million. This is the same amount generated for the city from the 2013 NCAA Final Four Championship games.

– 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. This is 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 event and the visitors.

– Tomorrowworld employed the equivalent of 749 annual full time jobs.

With numbers like these, it’s easy to see the positive impact music, and specifically in this case, the EDM community, can have on local economies. With the support of the Atlanta community and the gorgeous Bouckaert family farms in Chattahoochee Hills, you can bet TomorrowWorld will be an event that will be around for years to come.

Tickets are now on sale for the second edition of Tomorrowworld, scheduled for September 26-28, via TomorrowWorld’s website.

 

 
(Via: Georgia Unfiltered)

4

Add to the story...

Kris Hi there! Founder and Editor-in-Chief of The Sights and Sounds. Been doing this music writing thing for most my life in one way or another and loving every opportunity it's brought along. Shoot me an email if you have any suggestions for the website, comments, or if you just want to chat. Cheers!