Economic impact of Indiana State Fairgrounds approaches $200M

Renovations to the Indiana Farmers Coliseum are cited as a contributor to the economic impact increase. (Photo courtesy: Indiana State Fairgrounds)

INDIANAPOLIS, Ind. – A newly released study shows the annual economic impact of the Indiana State Fairgrounds and Event Center is approaching $200 million.

The findings from the Kelley School of Business at Indiana University also show that spending tied to the Fairgrounds was responsible for creating nearly 1,100 jobs locally and generating over $12 million in tax revenue for state and local governments.

The study is based on 2017 data, the latest year available, and shows a 22% increase in annual economic impact from the last study conducted by IU in 2011.

Fairgrounds officials attribute visitors who “turn out in enthusiastic numbers for our events, and the renovation of our historic (Indiana Farmers) Coliseum” for the increase, while the authors of the study compared the year-after-year economic impact of the Fairgrounds to that of a successful manufacturing plant.

“We’re thrilled with the continued success of the Indiana State Fairgrounds and Event Center and are proud to be playing such an active role in helping to make Indianapolis a vibrant, prosperous community,” said Cindy Hoye, the executive director of the Fairgrounds.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notice: you are using an outdated browser. Microsoft does not recommend using IE as your default browser. Some features on this website, like video and images, might not work properly. For the best experience, please upgrade your browser.