Wednesday, March 25, 2009

NYS Park System Economic Impact Study Released

With the Nonprofit Economic Impact panel discussion rescheduled for April 29th, this info may be of interest in a lead up to the program. The study (click here) and Executive Summary (click here), released by Parks & Trails New York, show that the New York State Park System is a valuable economic asset to the Empire State. It supports up to $1.94 billion in output and sales for private businesses, plus 20,000 jobs.

The analysis also demonstrates that the economic benefits exceed the direct costs of operating and maintaining the State Park System many times over. The benefit-to-cost ratio is more than five to one-more than $5 in benefits for every $1 in costs. Read more here.

A great example for consideration as the ED Group looks at their impact in Oneida and Herkimer Counties.

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