2016 Economic Impact
28 April 2017
Fredericton Convention Centre releases 2016 economic impact results
Fredericton, NB April 28, 2017 ~ The Fredericton Convention Centre (FCC) generated $10,633,000 in direct economic impact for the city in 2016, an increase of 11% over 2015 as shared with Fredericton City Council yesterday. Since opening in January 2011, the FCC has created almost $50 million dollars of economic impact in Fredericton.
The economic impact report, written by McKellar, Cunningham and Associates Ltd, indicates that the total number of events at FCC from January - December 2016 declined by 15% to 214, but increases in the length and attendance at events generated overall growth.
The total number of delegate days, which tallies the number of event participants by the length of each event throughout the year, increased by 20%. With more delegates attending events that lasted longer, increases were produced in areas including accommodation, food and beverage, transportation and retail.
“The full impact of our industry goes well beyond dollars and cents”, says Cathy Pugh, FCC General Manager. “Conventions bring education and professional development to residents, attract global expertise to our city, promote awareness of local breweries, wineries, farms and seafood, all while building awareness of Fredericton as a destination. As we look forward to Canada’s 150th this year and beyond, we’re proud to continue to connect people from across Canada to Fredericton.”
The Fredericton Convention Centre publishes upcoming events at www.frederictonconventions.ca.
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