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Economic Impact of the 3M Championship Golf Tournament
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Economic Impact of the 3M Championship Golf Tournament

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The economic impact of the 3M Championship Golf Tournament in 2010 was assessed using University of Minnesota’s Economic Impact Analysis (EIA) program.

The economic impact of the 3M Championship Golf Tournament in 2010 was assessed using University of Minnesota’s Economic Impact Analysis (EIA) program.

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  • 1. University of Minnesota Extension is an equal opportunity educator and employer.Economic Impact of the 3MChampionship Golf TournamentProject HistoryThe 3M Golf Tournament is held annually at the TPCTwin Cities golf course in Blaine. The seven-day eventis one of nearly 30 annual stops on professional golf’sChampions Tour. The event typically draws 100,000entrants during the week and has 130 corporatesponsors.Historically, the City of Blaine has been a sponsor of theevent. The tournament brings a host of benefits for thecity. However, a quantified analysis of the economicimpact of the tournament had not been performed. Todetermine the economic impact of the tournament, theCity of Blaine and Twin Cities Gateway, the regionalvisitor’s bureau engaged U of M’s Economic ImpactAnalysis (EIA) program. The EIA program uses input-output methodology to help communities make informedeconomic decisions. The question posed was “Whatwas the economic impact of the 3M Championship GolfTournament in 2010”?Direct ImpactsThere were three contributors to the direct effect of the3M Championship in 2010.Operations: The tournament organizers spent $4.9million in the local economy to present the tournament.Visitors: In total, visitors spent $4.9 million in theregional economy due to the tournament. Visitorsincluded general attendants, sponsored guests, andplayers.Vendors: Vendors spent an estimated $1.3 millionwhile participating in the tournament.In total, direct spending in the Twin Cities attributable tothe 2010 tournament was an estimated $11.1 million.Total ImpactsAfter direct effects are measured, an input-outputmodel, here IMPLAN, measures the ripple effectscreated in an economy due to the spending of the directeffects. These ripples effects (called indirect andinduced) are added to the direct effect to derive the totaleffect. Total effect can be measured as employment,labor income, and output.The total economic impact of the 3M GolfTournament in 2010 was $11.1 million.To produce this output, 192 full- and part-time jobswere created in the region.The 192 workers were paid $7.0 million in laborincome. Labor income is a component of output.In addition to this impact, corporate sponsors spent$3 to $6 million on corporate marketing campaignsthat are not included in this analysis.Partners: City of Blaine and Twin Cities GatewayDirect ImpactsIndirectImpactsInducedImpacts

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