April 30, 2019 02:53 PM
The Minnesota State Fair provided a nice boost to the local economy in 2018, according to a new study.
An economic impact study conducted by Markin Consulting shows that last year's State Fair generated $268 million in economic impact for the Twin Cities, and supported 12,390 total jobs. Full-time, part-time and seasonal works earned $76.9 million during the 2018 year. The year-round operation generates $9.9 million in state and local taxes, the study said.
The 2018 State Fair saw a record 2 million visitors during its 12-day run, and the fairgrounds hosted about 150 other non-fair events throughout the year.
Of the $268 million in economic benefit, the study says $127 million came from operating revenues and local expenditures during the fair, $105 million from activities and expenditures of concessionaires, ride and game operators, commercial exhibitors and livestock and horse show exhibitors at the fair, and about $36 million from activities and expenditures of promoters, participants and exhibitors of non-fair events at the fairgrounds during the year.
The fair originally started in 1854 to highlight agriculture and encourage farming, and became the Minnesota State Fair in 1859, a year after Minnesota was granted statehood, the State Fair website says.
You can find more information about the fair and the economic impact here.
Updated: April 30, 2019 02:53 PM
Created: April 30, 2019 01:55 PM
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