CINCINNATI — A new analysis by the University of Cincinnati Economics Center reveals that Great Parks contributed $138.6 million to the regional economy last year. The findings highlight a significant rise in economic influence over the past ten years. n nAccording to the study, the park system supported over 4,000 jobs and demonstrated strong fiscal efficiency: each dollar in tax funding generated $3.15 in broader economic output. n nTodd Palmeter, CEO of Great Parks, emphasized the organization’s dual role in boosting economic performance and enhancing community well-being. He noted that sustained public investment benefits both current residents and future populations. n nOperations last year also led to more than $3.5 million in combined income, sales, and property tax revenues for state and local authorities. Visitor numbers exceeded 7 million, with a substantial portion coming from outside the county. These out-of-area guests contributed to local businesses by spending on accommodations, dining, and other services, driving $47 million in economic activity within the region. n— news from Spectrum News
— News Original —nReport: Great Parks generated economic impact of $138.6 millionnCINCINNATI — Great Parks generated a total economic impact of $138.6 million last year, according to the University of Cincinnati Economics Center. n nThe report states the economic impact has increased greatly over the past decade. n nAdditionally, the report shows Great Parks has created more than 4,000 jobs, and every $1 of tax funding for Great Parks has led to $3.15 of economic activity. n n“Great Parks is a major contributor to the region’s economy, and, when added to the well-known benefits the parks have on quality of life in our area, this is another important reason for continued public investment in our parks for today’s and future generations,” said Todd Palmeter, Great Parks CEO. n nLast year, Great Parks expenditures created more than $3.5 million in income, sales and property tax revenue for state and local governments. n nGreat Parks saw more than 7 million visitors last year, according to the report, which included many guests from outside the county. The report shows guests from outside the county spent money on food, hotels and more. In total, out-of-county visitors generated $47 million in total economic output for the county’s economy.