Published Aug. 31, 2015
Clemson University’s seven home football game weekends have a total economic impact of $77 million, according to an analysis that also shows net benefits of $580,000 for local governments and $784,000 for the state. The report by the Regional Dynamics and Economic Modeling Laboratory bases the total impact on spending by fans who travel from outside the immediate Clemson area.
|Clemson University’s home football game weekends have a total economic impact of $77 million, according to an analysis that also shows net benefits of $580,000 for local governments and $784,000 for the state. (Photo provided by Clemson University)|
The Strom Thurmond Institute lab report shows each Clemson home game nets $211,824 in local government revenue for Greenville County; Anderson County, $109,122; Pickens County, $99,493; Oconee County, $42,793; and $579,842 statewide. State government net revenue from each game totals $784,177.
“Every time someone spends their income on a purchase, that spending creates income for the seller,” the report says. “However the impact of that consumer’s spending does not stop there. The retailer, for example, will use that income to pay its employees, rent on the building, taxes and to purchase more merchandise. All of this spending by the retailer, in turn, creates income for its employees and its suppliers. The employees and suppliers likewise spend their income. Therefore, the impact from the consumer’s initial purchase spreads through the economy like ripples in a pond.”