SPAC Contributes $105M in Economic Impact to the Region!
New report findings from Saratoga County Industrial Development Agency (SCIDA) confirm that SPAC, a 501c3 charitable organization, has a HUGE economic impact on the region!
With a mere $11 Million annual budget, SPAC contributes:
- $105 Million in economic impact to the community
- 475,000 total visitors in 2021
- Plus! More than half of the total visitors are traveling to the area from outside the Capital Region.
“We at SPAC have long understood the impact cultural tourism can have on a city in terms of both the immeasurable value of arts and culture to its citizens and the measurable fiscal impact the sector can have on a community as a whole. Nowhere in the world but Saratoga Springs can a visitor find world class arts, best-in-class thoroughbred horse racing and breathtaking natural beauty, all in the midst of a remarkable historic city,” said Elizabeth Sobol, president & CEO of Saratoga Performing Arts Center.
In addition to SPAC, the study commissioned by the SCIDA and performed by Camoin Associates analyzed the impact of Saratoga’s major attractions including: Saratoga Race Course, Saratoga Casino Hotel and Saratoga National Historic Park. The four entities generated a total of $647 million in economic impact and 5,770 jobs. Click the button below to view the full report.
