Economic Impact Effects of Think Bold
Festival and Conference
TEN (10) YEAR ECONOMIC IMPACT GOALS:
500,000 Young Adults
The scale and complexity of THINK BOLD FESTIVAL & CONFERENCE requires year-round operations. THINK BOLD FESTIVAL & CONFERENCE maintains a sizable staff of full-time, temporary and seasonal workers.
The THINK BOLD FESTIVAL & CONFERENCE official attendance impact includes expenditures by THINK BOLD FESTIVAL & CONFERENCE credentialed participants and single ticket holders at all THINK BOLD FESTIVAL & CONFERENCE events.
The consumer impact includes expenditures by THINK BOLD FESTIVAL & CONFERENCE Guest Pass & Consumer Participants as well as official parties.
Direct economic impacts include expenditures directly injected into the local economy by THINK BOLD FESTIVAL & CONFERENCE, official sponsors, event attendees, and exhibitors. A direct economic impact attributable to THINK BOLD FESTIVAL & CONFERENCE, for example, might include revenues from a beverage company servicing THINK BOLD FESTIVAL & CONFERENCE events.
Indirect effects include increases in sales, income,
and jobs associated with companies that benefit from THINK BOLD FESTIVAL & CONFERENCE expenditures. Increased revenue of a food distributor company that supplies products to THINK BOLD FESTIVAL & CONFERENCE’s hotels would be an indirect impact.
Induced effects attributable to THINK BOLD FESTIVAL & CONFERENCE include spending by individuals who experience increased earnings as a result of the festival and conference. Beverage’s and other goods and services purchased by a hotel employee with the earnings from THINK BOLD FESTIVAL & CONFERENCE are representative of induced impacts.
Student Impact included reach 500,000 students direct and indirect from THINK BOLD FESTIVAL & CONFERENCE with providing various opportunities to acquire hands-on leadership, entrepreneurship and development opportunities for all levels of experience.
Mentorship impact at THINK BOLD FESTIVAL & CONFERENCE provides meaningful connections that impact contemporary culture and influence their lives at home, at school, at work, and in their communities. For those who are being mentored, as a part of THINK BOLD FESTIVAL & CONFERENCE it’s is linked to improved academic, social and economic prospects. For those who are mentoring, the relationship can build leadership and management skills, expand a mentor’s professional network, and provide an empowering opportunity to give back to our community.
TOTAL ECONOMIC & COMMUNITY IMPACT $20,000,000 and 1,000,000 (Students and Young Adults)
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