economic impact

Local News
6:00 am
Mon March 10, 2014

Trying To Make Charlotte Google's Next "Fiber-Hood"

Credit Google

The city of Charlotte was recently given a bit of homework. How the city answers a series of questions will determine if neighborhoods like South Park, Uptown and Dilworth will be Google’s next fiber-hoods. So what could Google Fiber in Charlotte mean for consumers and businesses alike?  

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Local News
9:26 am
Tue January 29, 2013

DNC Meant $163M For Charlotte-Area Economy

Charlotte Mayor Anthony Foxx, Tourism Economics consultant Adam Sacks, CRVA CEO Tom Murray and Charlotte Chamber President Bob Morgan discuss the results of an economic impact study of the DNC in Charlotte.
Credit Julie Rose

An outside study released Monday says the Democratic National Convention pumped $163 million into the Charlotte-area economy – making it the largest tourism event the city's ever held. WFAE's Julie Rose has this analysis of the study.

$163 million is on the low end of the original estimate city officials gave for what the DNC might mean to the Charlotte economy. That's what stands about this economic impact study – typically they're criticized for being way too rosy.

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Local News
7:41 am
Mon January 28, 2013

DNC An Economic Boon Or Bust? Answer Comes Today

Local and DNCC officials at one of many press conferences during the planning stages of the 2012 Democratic National Convention in Charlotte.

Original estimates placed the economic impact of the DNC in Charlotte between $150 million and $200 million.  We'll know today if it came close. WFAE's Julie Rose reports:

Charlotte tourism officials have been known to over blow predictions of economic impact for various conventions, so they hired an outside firm to come up with a credible number for the DNC. 

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Local News
9:40 am
Thu September 13, 2012

CRVA Looks To Outside Firm For 'Credibility' In DNC Study

Inside TWC Arena during the Democratic National Convention.

The City of Charlotte and several tax-payer funded agencies will pay an outside agency about $25,000 to estimate the DNC's boost to the local economy.

It's pretty standard for the Charlotte Regional Visitors Authority to do a "this is how our economy benefited" estimate after major conventions. It's highly unusual for the CRVA to hire an outside firm to do it.

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