The Boston Athletic Association and Meet Boston Announce $500 Million Economic Impact for the Commonwealth of Massachusetts [Yahoo! Finance]
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Source: Yahoo! Finance
BOSTON Nov. 14, 2024 /PRNewswire/ -- The Boston Athletic Association (B.A.A.) and Meet Boston today released an independent economic impact report (PDF) conducted by the Economic and Public Policy Research group at the University of Massachusetts Donahue Institute, commissioned to look at the direct impact of one of the oldest and most historic marathons in the world, the Boston Marathon presented by Bank of America. The $509.1 million impact represents the B.A.A.'s operational costs, spending by marathon participants and spectators, and other secondary economic impacts from household spending, taxes and vendor spending. For this report, the Donahue Institute examined the two categories of expenditures of the B.A.A. – year-round operations and a larger set of spending associated with marathon weekend. "The Boston Marathon is more than just a race; it's a powerful driver that shines a spotlight on the Greater Boston area, attracting visitors and showcasing our city's rich history,
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