UNTIL THE BIG E - Sept 12 - 28, 2014
EASTERN STATES EXPOSITION'S BIG E CONTRIBUTES
CLOSE TO $225 MILLION TO LOCAL ECONOMY
The Big E, one of the top 10 fairs in North America, not only provides a one-of-a-kind entertainment experience for the more than 1 million people who attend, it also promotes the agriculture and culture of New England and pumps almost a quarter of a billion dollars into the economy of the region.
In a study, conducted by Regional Economic Models, Inc., (REMI) of Amherst, Mass., the overall economic output as a result of tourism from outside Hampden County to The Big E is $224,970,000 with Gross Regional Product (analogous to the national Gross Domestic Product) of over $150 million annually.
The annual 17-day Big E is a powerful energizer in the region's economy. Eastern States Exposition (ESE) President, Eugene J. Cassidy said, “The Eastern States Exposition’s “Big E” provides an economic impact to our region like no other event within hundreds of miles. The economic horsepower generated by the Fair is measured to be a quarter of a billion dollars. This impact, coupled with that of our year-round events, generates thousands of jobs, disposable income for our region, and tens of millions of dollars in tax revenues for the Commonwealth.”
The study focuses on The Big E only and does not include shows held on the Eastern States Exposition grounds year-round.
Among the other findings in the report, the Fair:
■ Accounted for 2,800 full-time equivalent jobs outside the Eastern States Exposition. It generates 3,500 temporary jobs at the 17-day Fair.
■ Generated $85.1 million in disposable personal income in Hampden County, its home county.
■ Represents 16.11% of all Hampden County arts, entertainment and recreation industry spending. The Fair also generates 6.4% of the total sales in the accommodations and food services industry.
■ Adds $7.53 million to Massachusetts sales tax revenues as well as more than $468,000 in local hotel taxes.
■ In 2007, paid $1.28 million to the town of West Springfield, including $335,338 in real estate taxes and $171,331, or 1 percent of the Eastern States Exposition's 2006 gross revenues to The Big E/West Springfield Trust Fund, established in 1994 to benefit the town's education, youth and elderly programs as well as community projects. To date, contributions to the fund total $1,971,723.
REMI constructs models which reveal the economic effects that policy initiatives or external events may cause in the local economy. REMI's models have been used throughout the United States by state governments, planning agencies, universities, utilities and private consulting firms. The company's client list includes the AARP, Federal Aviation Administration, Environmental Protection Agency, New York State Department of Economic Development, Massachusetts Institute of Technology, boston Redevelopment Authority and the University of Connecticut. For more information, visit www.remi.com.
The Big E takes place for 17 days eadh September and features top name entertainment, international exhibits, agricultural contests and exciting daily events, including Mardi Gras Parades. For more information, visit www.TheBigE.com