News
Last Update :3/5/2014 Economic Impact Study for Golf in Virginia Published by VA Golf Council
FOR IMMEDIATE RELEASE:
March 4, 2014
MEDIA CONTACT:
David Norman
Virginia Golf Council Secretary
804.747.4971 x113
dnorman008@gmail.com
VGC website
Industry Leaders Announce Economic Impact of Golf in Virginia
The Virginia Golf Council has released the 2014 Virginia Golf Economic Impact Study, and it once again underscores the significant role golf plays in Virginia. “This important part of our economy and Virginia culture is a significant driver of tourism,” said VGC Secretary David Norman.
The 2014 study and the original 2007 Economic Impact Study were commissioned by the Virginia Golf Council, a partnership of the allied golf associations in Virginia. The project was completed by the research firm SRI International in partnership with Golf 20/20. A major goal of the study was to provide accurate information on the impact of golf in Virginia to the Virginia state legislature. The study is a valuable tool to decision-makers in the Commonwealth of Virginia.
The study, using 2012 data, showed some very interesting facts about the golf industry in Virginia:
-
There are 327 golf facilities, 48 stand-alone ranges, and 38 miniature golf facilities (all considered small businesses) in Virginia, which encompass approximately 37,000 acres.
-
Golf in Virginia generated a total economic impact of $2.5 billion, supporting nearly 30,000 jobs with more than $730 million in wages.
-
The direct golf economy in Virginia is over $1.3 billion and is comparable to agricultural crops of $1.4 billion.
-
Golf brings visitors to the state, spurs new residential construction, generates retail sales, and creates demand for a myriad of goods and services in Virginia.
“We like to say ‘Virginia is for GOLF lovers,” said Norman, citing a worldwide focus on the industry when the LPGA Kingsmill Championship hits town in Williamsburg, May 12-18, bringing the top lady golfers in the world to the Commonwealth.
 Click the image to download the Executive Summary
[ More News ]
|
