TEN (10) YEAR ECONOMIC IMPACT GOALS:
MENTORSHIP IMPACT:
500,000 Young Adults
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.
STUDENT IMPACT:
500,000 Students
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.
INDUCED IMPACT:
$5,400,000
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.
INDIRECT IMPACT:
$7,900,000
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.
DIRECT IMPACT:
$15,200,000
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.
CONSUMER IMPACT:
$5,400,000
The consumer impact includes expenditures by THINK BOLD FESTIVAL & CONFERENCE Guest Pass & Consumer Participants as well as official parties.
ATTENDEES IMPACT:
$13,700,000
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.
$6,200,000
OPERATIONAL/JOBS IMPACT:
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, contract workers, talent and performers.
TOTAL ECONOMIC & COMMUNITY IMPACT $20,000,000 and 1,000,000 (Students and Young Adults)
OPERATIONAL/JOBS IMPACT:
$270,000
DIRECT IMPACT:
$420,000
INDUCED IMPACT:
$52,000
ATTENDEES IMPACT:
$120,000
CONSUMER IMPACT:
$160,000
INDIRECT IMPACT:
$1,200,000
STUDENT IMPACT:
4,000 Students
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MENTORSHIP IMPACT:
500 Young Adults