Economic Impact

The total impact of the businesses and organizations included in the Advanced Technology industry is greater than the direct activity summarized above, because money spent by the direct businesses is re-spent by employees, other businesses, and their workers. As these expenditures spur additional business spending, this sets in motion a chain reaction of additional indirect and induced spending. These economic ripple effects impact regional economy and were quantified using the RIMS II economic impact model. The tables below show the total economic impact supported by the Tourism/Hospitality Industry.

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