Palmfest 2016 Partnership Opportunities
Sponsorship kit designed by Black Koi 360 for the McAllen Convention Center. All logos and images are property of the City of McAllen.
Sponsorship kit designed by Black Koi 360 for the McAllen Convention Center. All logos and images are property of the City of McAllen.
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ECONOMIC IMPACT<br />
50<br />
THOUSAND<br />
$<br />
420<br />
THOUSAND<br />
$<br />
1.5<br />
MILLION<br />
$<br />
70<br />
$<br />
95<br />
THOUSAND<br />
International<br />
and domestic<br />
attendees<br />
Wages and<br />
salaries<br />
generated<br />
Total economic<br />
impact on local<br />
economy<br />
Average amount<br />
spent per group<br />
Local and state<br />
taxes generated<br />
This analysis estimates the economic impact of<br />
PalmFest on the local economy. The analysis is<br />
based on IMPLAN, an input-output model which<br />
embodies the connections between industries<br />
in the region and household and governmental<br />
activities. The data used for the model is<br />
for Hidalgo County as most of the attendees<br />
were from Hidalgo County. Total expenditures<br />
related to PalmFest amounted to $1,016,570.<br />
When total expenditures were inputted into the<br />
IMPLAN model it produces indirect and induced<br />
effects through the multiplier effect. The total<br />
economic impact is the sum of the direct,<br />
indirect, and induced impacts of PalmFest. The<br />
total output or economic impact of PalmFest<br />
was $1.5 million.<br />
* Source: IMPLAN data model outputs for Hidalgo County based on PalmFest<br />
data, Data Center, UTRGV Data and Information Services Center.
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