Knowledge Base

Economic impact calculations are estimates of an event’s overall effect on the economy of an area.  They are not revenue reports.  Rather, they measure the effects that visitor and attendee spending have on local businesses and the population at large.  As attendees and visitors spend money, local businesses and their employees are positively affected.  All of this benefits the local economy through increased income, increased spending, and increased tax collections.  These are the contributing factors to economic impact.  

Info provided by Charleston CVB