• Proven Fact: AC Events Significantly Impact Economy

     
    POSTED December 21, 2015
     

Not just this year, but many years running, Atlantic City has been host to a plethora of events—from the New Jersey Education Association Convention to the Challenge Atlantic City Triathlon. With such a wide variety of events, it’s not a shocker to think they have significantly boosted the economy.

And this has been confirmed by Spectra by Comcast Spectacor—an organization that provides venue management and food services and hospitality to Boardwalk Hall and the Atlantic City Convention Center. They released figures that show the economic benefits have been huge for New Jersey taxpayers. The sales incomes and state and luxury takes these event attendees have generated has positively affected revenues over the past three years.

“It’s revealing to consider the positive economic impact that the events at the Atlantic City Convention Center and Historic Boardwalk Hall continue to bring to Atlantic County and to the State of New Jersey,” says Spectra’s Fran Rodowicz, general manager of both venues. “These facilities bring hundreds of thousands of people to Atlantic City on a consistent basis and they are critical to the success of the beach resort.”

Combined, both facilities have generated nearly $235 million from Jan. 1, 2013 through October 2015 in direct sales income and state and luxury taxes. This number includes an estimated attendance of 1,836,536 people over the three-year period.

Using the industry average of $125 assumed in-market spending per attendee, the two facilities have generated $74,590,250 in direct market sales income; the Atlantic City Convention Center has generated $1,363,485 in state and luxury taxes while Boardwalk Hall has generated $4,027,899 in state and luxury taxes.

This news is supported by direct customer feedback. After every event at Boardwalk Hall, attendees who purchased a ticket are asked to complete a survey regarding their experience. Of those that answered, 67.6 percent ate at an Atlantic City restaurant; 44.7 percent gambled at a casino; and 65.7 percent spent $100 or more at local businesses.

“Events at the Atlantic City Convention Center and Boardwalk Hall are proven to bring business to hotels, restaurants and other entertainment venues throughout the city,” says Robert E. Mulcahy III, board chairman, CRDA. “They are an integral part of CRDA's mission to attract visitors by bringing non-gaming events to the Atlantic City Tourism District.”

Toni Roberts, award winning executive pastry chef at theWit Hotel Chicago, is satisfying everyone’s sweet tooth this holiday season with the reintroduction of an exclusive Thanksgiving to go dessert menu. Whether you’re currently embracing everything pumpkin spice or a self-proclaimed chocolate connoisseur, the menu features a little something for everyone.

 

As with most facets of the meetings and events industry, the art of managing an event budget is a true balancing act. And while it’s easy to get wrapped up in the nitty-gritty, Eventbrite revealed a pleasant surprise in its 2018 Pulse Report (which surveyed 1,200 planners), finding that event budgets overall appear to be on the rise. But where exactly are those budget dollars going these days and how can planners best spend to craft memorable moments?

 

According to the Illinois Department of Agriculture, about 1.5 million Illinois workers are employed in the food and fiber system, ranking it as one of the top states in dependency on agriculture. The state’s 72,500 farms utilize 75 percent of Illinois land, including some of the most fertile soil in the world. While nicknamed “The Prairie State,” Illinois is truly a land of plenty and a hub for agritourism—with some of the largest agriculture-focused events (holding the potential for major economic impact) taking place inside its borders.