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Chicago Marathon's $143 Million economic impact

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  • Chicago Marathon's $143 Million economic impact

    Bank of America Chicago Marathon

    Releases results of newest economic impact study showing continued growth in event's contribution to host city

    CHICAGO, IL (September 1, 2009) The Bank of America Chicago Marathon today launched its first-ever digital fundraising program, further extending the race's annual philanthropic impact of generating $10 million for local, national and global charities. The Marathon also introduced new advertising featuring 2009 race participants as well as results of a 2008 event economic impact study.


    (The) Bank of America Chicago Marathon also makes a significant contribution to the regional economy each year.

    According to a new University of Illinois at Urbana-Champaign's Regional Economics Applications Laboratory (R.E.A.L.) report which studied the 2008 race, the Marathon contributes $143 million in economic impact to greater Chicago.

    The study used the Chicago Region Econometric Input-Output Model (CREIM) to derive the estimate of the total economic impact of the event, which is largely derived from the tourism industry including hotels, restaurants and entertainment.

    According to the report, the Bank of America Chicago Marathon attracts new visitors to Chicago and contributes to improving the image of the city as a tourist destination. In addition, the event takes place during a low tourism period, helping to reduce the negative effect of seasonality in Chicago tourism.

    About Bank of America Chicago Marathon

    The 32nd 2009 Bank of America Chicago Marathon will start and finish in Chicago's Grant Park beginning at 7:30 a.m. on Sunday, Oct. 11. In advance of the race, a two-day Health & Fitness Expo will be held at McCormick Place on Friday, October 9 and Saturday, October 10. More information on the race and how to get involved is available at the event Web site, chicagomarathon.com.

    www.chicagomarathon.com
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