Notes

Slide Show

Outline

1	The Virginia Horse Center’s Economic Impact July 2001
2	The Virginia Horse Center
3	Data Sources Expenditure information came from participant surveys and administrative records Data on the local lodging industry came from a lodging survey Data on the distribution of out-of-state visitors came from a vehicle tally
4	The Participant Survey
5	Data Collection: Surveying Participants
6	The Lodging Survey
7	Data Collection: Lodging Survey
8	Data Collection: License Plate Survey
9	Data Collection: Horse Center Administrative Records
10	Horse Center Methodology
11	Direct Expenditures in Virginia
12	Lodging: 36.6%
13	Restaurants: 32.2%
14	Service Stations: 5.5%
15	Services: 5.2%
16	Retail: 5.5%
17	All other: 10.6%
18	Spending per Horse-Day $515 average expenditure per horse-day Includes all categories Lodging, restaurants, and show fees are among largest expenditure categories
19	Show Fees
20	Trailer Repair and Purchase
21	Entertainment
22	Vet and Farrier
23	Equipment Rental
24
25	Lodging Industry Surveyed 15 major area lodging establishments; 13 responded At least 26.2% of local lodging business came from the Horse Center
26	Lodging Survey Results
27	Out-of-State Significance 54.3% of participants come from states other than Virginia
28	Distribution of Vehicles Tallied
29	Distribution of Visitors 4 states with most participants: Virginia, Pennsylvania, Maryland, and North Carolina
30	Total Impact in Virginia
31	Total Output $41.4 million total
32	Value added Value added is the value of output minus the cost of materials $25.9 million in VA $17.9 million in Lexington area
33	Labor Income Labor income is the largest component of value added $15.9 million in VA $10.9 million in Lexington area
34	Employment The Horse Center is responsible for: 708 FTE jobs in VA 650 FTE jobs in the Lexington area
35	Tax Impact Total state and local taxes $3,456,900 in Virginia $2,829,608 in the Lexington area
36	Impact on State Tax Revenues, 2000-2001
37	Impact on Local Tax Revenues, 2000-2001
38	Capital Outlays
39	The End The full 34 page study can be purchased from the Virginia Horse Center or is available online at no charge at: www.virginia.edu/coopercenter/vastat/publications/vahorsecenter.pdf