Tacoma reaps economic benefits from tall ships festival

Author:
Updated:
Original:

Tacoma, Wash., benefited from more than $19 million in economic impact as a result of the Tall Ships Tacoma festival this summer, according to a recently released study.

Completed by the festival and event consulting firm Birchhill Enterprises LLC, the study offers an in-depth look at the festival's impact on the local economy, as well as a demographic profile of the visitors attracted to the Foss Waterway during the five-day event.

Highlights of the study include:

• more than $19 million benefiting the local economy
• 300,000 visitors to the revitalized Foss Waterway
• $1,089,523 in state sales tax revenue
• $229,047 in sales tax revenue that stayed in the Tacoma area
• 16 percent of festival attendees traveled more than 50 miles to attend, staying an average of 2.6 days in the Tacoma area
• 78 percent of attendees said they would attend future tall ship-themed events in Tacoma.

Click here for the complete release.

Related

NMMA to Hold State of the Industry Webinar

The March 4 webinar takes place at 11 a.m. and includes the presentation of the Marine Industry Customer Satisfaction Index Awards and the Alan J. Freedman Award.

Sanlorenzo Reports 2020 Financials

Gains in the Asia-Pacific and Americas markets offset losses for the Italian builder’s superyacht division.

Into the High Season

Our monthly Pulse Report survey asks dealers about restocking inventory and more, as the new season looms.

It Takes Two to Tango

The boom in boat sales we’re enjoying is a result of the combined efforts of the National Marine Manufacturers Association and the Recreational Boating and Fishing Foundation.

Besenzoni - for over 50 years ambassador of made in Italy in the world - designs and produces accessories for pleasure and commercial boating characterized by simple and functional design

Besenzoni constantly assists its customers in 90 countries with 187 representative points and a direct assistance network consisting of 164 operating units around the world coordinated by the headquarters.

Sea Tow Saves Cold-Stunned Turtles

Its Corpus Christi outfit is rescuing turtles that were affected by the deep freeze in Texas.