Orioles Announce Record Economic Impact in Sarasota
Business
SRQ DAILY FRIDAY WEEKEND EDITION
FRIDAY FEB 23, 2018 |
The economic impact of the Orioles in Sarasota continued to grow year-over-year to approximately $97 million, according to an independent economic impact analysis commissioned by Sarasota County Government. The annual economic impact delivered to taxpayers and residents results from the club’s marketing and promotion of Sarasota, commercial activity and corporate presence of the Orioles’ athletic training headquarters, production of public sporting and other entertainment events and management of youth sports tournaments and recreational programs. The Orioles’ $97 million economic output is a record for sports tourism creation in Sarasota County. The Orioles’ annual economic impact result has grown every year that it has been measured by the annual government study. The Orioles’ current impact is nearly three times the $35-million impact the Orioles projected in testimony given before the Florida State Senate in 2004 and the Sarasota Board of County Commissioners in 2009. The analysis, conducted by Research & Marketing Strategies, Inc., measured the total tourism impact created by the Orioles and its positive impact on the residents and taxpayers of Sarasota County.
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