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IMPLAN Blog

What Value do Community Events Provide?

Posted by Joe Demski on July 26, 2019

Local events that bring communities together for holidays or regional celebrations often become annual traditions deeply intertwined with an area’s identity. In recent years, however, some localities have halted events like holiday parades, block parties, and July Fourth fireworks due to increasing regulations and rising costs. The immediate savings are beneficial. However, the significant, positive effects these events have on local economies are being lost in the process. While few studies exist regarding the impact of non-tourist, community events on economies, the framework exists to reliably analyze their effects. Before jumping into the event analysis methodology however, there are several factors to assess.

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Topics: Data, Events, Economics, Methodology, Tourism, Impact

Is Your World Cup Half Full or Half Empty?

Posted by Nasera Kaouss on June 14, 2018

I’m sure you’ve heard the cliche “it’s too good to be true?” Well, hosting the FIFA World Cup is too good to be true.

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Topics: Events, Economics

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