August 07, 2008

Evaluating the Economic Impact of the Eastern States Exposition on Western Massachusetts



REMI constructed this comprehensive study evaluating the economic impact of the Eastern States Exposition on Western Massachusetts based upon economic activity generated by the planning and implementation of the fair. Using data inputs provided by the Eastern States Exposition and its own Policy Insight model for the primary analysis, REMI was able to recreate economic interactions on a regional basis and the report of economic indicators included changes in measures of employment, gross regional product, income, consumer spending, and total population. The analysis relayed that the Eastern States Exposition generated $150,588,000 of Gross Regional Product and $83,617,000 of personal disposable income, in addition to averaging 2,800 jobs a year over a fifty-year span.

Regional Economic Models, Inc. – Evaluating the Economic Impact of the Eastern States Exposition on Western Massachusetts [full PDF]