The Senior PGA Championship’s Economic Impact on NEO

March 10, 2009

According to a 2007 study prepared by SRI International, the sport of golf plays a major role in Ohio’s economy. It generates $4.8 billion in total economic impact, creates 68,120 jobs and produces $1.5 billion in wage income. Of the $4.8 billion, $32 million is generated from Ohio’s five professional tournaments — two PGA Tour events, two LPGA events and one Nationwide event.

Not included in this total is the 2009 Senior PGA Championship. Based off past Championship studies, the PGA of America estimates the event will generate between $10 million to $30 million for Northeast Ohio businesses and organizations, including hotels, restaurants, retailers and charities.

RBS and Charter One are currently developing the study detailing the 2009 Senior PGA Championship’s economic impact on the Northeast Ohio region, and actual figures will not be released until the Championship.

In the meantime, for more on how other areas are positively impacted by professional golf tournaments, check out the following articles:

To learn more about golf’s impact on the Ohio Economy visit to download the entire Economic Impact Study.

add to : Digg it : Stumble It! : : post to facebook