Economic impact analysis

Visit Frederick reports record-breaking visitor spending in Frederick County at annual meeting

Retrieved on: 
Thursday, October 26, 2023
History, Orientation, Multimedia, City, COVID-19, Postern, Partnership, Brewing, Cunningham Falls State Park, Destination marketing organization, Economic impact analysis, Marketing, Amusement park, Tourism

FREDERICK, Md., Oct. 26, 2023 /PRNewswire-PRWeb/ -- At its annual meeting on October 24 at Springfield Manor in northern Frederick County, Visit Frederick shared that visitors to Frederick County spent a record-breaking $518 million in the region in 2022. The 2022 numbers surpassed the previous record from 2021 of $460 million, becoming the first year in history that visitors to Frederick County spent more than $500 million in the region in a single year.

Key Points: 
  • At its annual meeting on October 24 at Springfield Manor in northern Frederick County, Visit Frederick shared that visitors to Frederick County spent a record-breaking $518 million in the region in 2022.
  • FREDERICK, Md., Oct. 26, 2023 /PRNewswire-PRWeb/ -- At its annual meeting on October 24 at Springfield Manor in northern Frederick County, Visit Frederick shared that visitors to Frederick County spent a record-breaking $518 million in the region in 2022.
  • At the meeting, Visit Frederick debuted a new orientation film featured at the Frederick Visitor Center.
  • Visit Frederick is the recognized Destination Marketing Organization for Frederick City and Frederick County, Maryland.

Nearly Half of BNPL Consumers Prefer Pay-in-4 Over Credit Cards as They Look for More Choice at Checkout

Retrieved on: 
Wednesday, October 25, 2023
Professional Services, Payments, Apps, Applications, Technology, Finance, Software, St. Louis Fed Financial Stress Index, Holiday, Ageing, Gen, Oxford Economic Papers, Financial management, Generation Z, Pressure, Research, YouGov, BNPL, Economic impact analysis, Generation X, Online shopping, Marketing, Millennials, Afterpay

Additionally, the report reveals that two in five American consumers use BNPL services, with Afterpay being the most trusted BNPL offering among those who had tried it.

Key Points: 
  • Additionally, the report reveals that two in five American consumers use BNPL services, with Afterpay being the most trusted BNPL offering among those who had tried it.
  • A majority of the BNPL customers surveyed believe that it helps provide an alternative to paying high-interest credit card debt (70%).
  • Customers who use Afterpay valued its BNPL services more, over three times higher than other BNPL providers in the survey.
  • The low cost and convenience of BNPL services over credit cards is especially favored by Afterpay customers.

Electric Co-ops Support Nearly 623,000 Jobs, Contribute $111 Billion to U.S. GDP Annually, Report Finds

Retrieved on: 
Tuesday, October 10, 2023
CFC, National Rural Electric Cooperative Association, NRUCFC, GDP, Cooperative, Economic development, Electricity, National Rural Utilities Cooperative Finance Corporation, Incubator, Gross domestic product, Poverty, Maintenance, NRECA, Economy, Economic impact analysis, Video game, Public utility, Renewable energy

Many of these impacts occur within the local communities served by co-ops, including 424,000 jobs and $75 billion annually in GDP.

Key Points: 
  • Many of these impacts occur within the local communities served by co-ops, including 424,000 jobs and $75 billion annually in GDP.
  • Yet these activities also have far-reaching impacts across the country—even in areas where co-ops do not serve consumers directly.
  • Electric co-ops are focused on the long-term success of local communities as they keep the lights on and power economic growth."
  • The study finds that cooperatives contributed $1.1 trillion in total U.S. sales output and $257 billion in labor income over the five-year period.

InRule® Delivered 421% Return on Investment According to New Independent Study

Retrieved on: 
Wednesday, August 30, 2023
Science, Software, Research, Electronic Design Automation, Artificial Intelligence, Data Management, Technology, Other Technology, Economic impact analysis, Total economic value, Logic, NPV, ROI, Application portfolio management, InRule Technology, Risk, Automation, Machine learning, Sales

The study found that InRule delivered a return on investment (ROI) of 421% and a net present value (NPV) of $6.03 million over three years and a payback period of less than six months for a composite organization based on interviewed customers.

Key Points: 
  • The study found that InRule delivered a return on investment (ROI) of 421% and a net present value (NPV) of $6.03 million over three years and a payback period of less than six months for a composite organization based on interviewed customers.
  • InRule commissioned Forrester Consulting to conduct a Total Economic Impact study to quantify the potential ROI enterprises may realize by deploying InRule’s AI decisioning platform.
  • According to the study, prior to implementing InRule, the interviewed organizations struggled to manage their complex, legacy approach to automated decisioning, which included rules that were hardcoded by IT teams.
  • The study revealed that by implementing InRule, an organization can deploy rules easier and faster and empower business users to manage the logic they know best, reducing the risk of costly errors and lengthy change cycles.

Florida Nonprofit Sector Provides Payroll of $27.5 Billion Annually; Employs 5% of State’s Workforce

Retrieved on: 
Wednesday, August 9, 2023
Professional Services, Philanthropy, State, Local, Small Business, Other Policy Issues, Fund Raising, Foundation, Other Professional Services, Human Resources, Finance, Other Philanthropy, Public Policy, Government, Workforce, Florida Chamber of Commerce, Food, Education, Clothing, Research, FNA, De Soto, ALICE, Jessie Ball duPont Center, Economic impact analysis, Growth, Jessie Ball duPont Fund, Health, Environment, Commerce, Management, United

The Florida nonprofit sector continues to grow in terms of revenue, with 22,710 nonprofits generating more than $116 billion in annual revenue, compared to $105 billion in 2020.

Key Points: 
  • The Florida nonprofit sector continues to grow in terms of revenue, with 22,710 nonprofits generating more than $116 billion in annual revenue, compared to $105 billion in 2020.
  • These 22,710 nonprofits employ an annual average of 456,800 employees, or 5% of the state’s workforce, and pay annual wages of $27.5 billion.
  • “Florida is one of the fastest growing populations in the nation and our infrastructure is struggling to keep up.
  • The largest nonprofit sub-sector employer by far is nonprofits focused on providing health-related services at 43%, or 197,900 employees.

Majority of Temecula Residents Support Local Tourism, Express Pride in Temecula Valley

Retrieved on: 
Friday, August 4, 2023
Tourism, Friends, Pechanga Resort & Casino, Scott Barchard Wilson, Quality of life, Forest Law Enforcement and Governance Program, Resident, Recreation, Restaurant, Economic impact analysis, Growth, Family, Hotel, City, Temecula Valley, Travel

TEMECULA, Calif., Aug. 3, 2023 /PRNewswire-PRWeb/ -- Visit Temecula Valley issued the results of its 2023 Resident Sentiment Tourism Survey, which examines how the residents of Temecula feel about various aspects of tourism. Survey results show that more than three quarters (76 percent) of those surveyed support and care about the success of tourism, while 14% were neutral. Eight in 10 residents think it is good for the region and 75 percent stated they care about the success of the tourism industry in Temecula Valley.

Key Points: 
  • Eight in 10 residents think tourism is good for the Temecula Valley, and 75 percent support the success of the tourism industry.
  • Eight in 10 residents think it is good for the region and 75 percent stated they care about the success of the tourism industry in Temecula Valley.
  • "We want to know what Temecula residents think about tourism because their opinions matter," said Scott A. Wilson, CEO/President of Visit Temecula Valley.
  • The average distance between home and a tourist attraction (Temecula Valley Wine Country, Old Town Temecula, Pechanga Resort Casino) is 3.2 miles.

Datadog Introduces Intelligent Test Runner to Help Developers Reduce the Time to Deploy Application Changes

Retrieved on: 
Thursday, August 3, 2023
Organization, Datadog, Running, Economic impact analysis, SDLC, SAN, Mail

SAN FRANCISCO, Aug. 3, 2023 /PRNewswire/ -- Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, today announced the general availability of Intelligent Test Runner. The new product helps save developer time and minimize failures in organizations' CI/CD pipelines.

Key Points: 
  • Traditional testing solutions run the entirety of a test suite against every code change, regardless of how small and isolated a change might be.
  • Intelligent Test Runner solves these problems by automatically selecting and running only the tests that are relevant to code changes.
  • "Intelligent Test Runner helps customers increase release velocity by reducing the CI/CD time from hours to minutes in many cases so that teams can test and launch features quicker.
  • As a Test Impact Analysis tool that can be used in any major CI provider, organizations don't have to adopt a new CI/CD platform in order to benefit from Intelligent Test Runner."

Persist™ PAF Liquid Soil Enhancer Earns USDA Certified Biobased Product Label

Retrieved on: 
Thursday, June 15, 2023
Home Goods, Agriculture, Construction & Property, Natural Resources, Environment, Environmental Health, Landscape, Retail, Business development, PAF, U.S. Department of Agriculture Cotton Annex, Marketing, Magnesium, Fertilizer, Business, Nutrient, Multimedia, Soil, Metabolism, USDA, Acetic acid, Iron, Economic development, Energy, Economic impact analysis, Potassium, CO2

VGrid Energy Systems , a California-based clean energy producer, announced today it has earned the U.S. Department of Agriculture (USDA) Certified Biobased Product Label for its Persist™ PAF liquid plant and soil enhancer.

Key Points: 
  • VGrid Energy Systems , a California-based clean energy producer, announced today it has earned the U.S. Department of Agriculture (USDA) Certified Biobased Product Label for its Persist™ PAF liquid plant and soil enhancer.
  • View the full release here: https://www.businesswire.com/news/home/20230615326122/en/
    Persist™ PAF liquid plant and soil enhancer earns USDA Certified Biobased Product Label (Photo: Business Wire)
    Persist™ PAF is a unique blend of organic acids and natural compounds.
  • The USDA Certified Biobased Product Label displays a product’s biobased content, which is the portion of a product that comes from a renewable source, such as plant, animal, marine, or forestry feedstocks.
  • “We applaud VGrid for earning the USDA Certified Biobased Product Label,” said Vernell Thompson, USDA BioPreferred Program.

Tribal Row Returns to IPW 2023; American Indian Alaska Native Tourism Association Breaks Record & Showcases Cultural Diversity of U.S. Tourism with #DiscoverNativeAmerica

Retrieved on: 
Wednesday, May 24, 2023
Learning, Partnership, Travel, Tourism, Marketing, Culture, IPW, Organization, Economic development, American Indians, Economic impact analysis, Alaska Natives, South Island Landless Natives Act 1906, Cultural diversity, Native

ALBUQUERQUE, N.M., May 24, 2023 /PRNewswire-PRWeb/ -- The American Indian Alaska Native Tourism Association (AIANTA), returned to the U.S. Travel Association's IPW 2023 in San Antonio, Texas May 20-24 with its signature "Tribal Row", showcasing cultural diversity of American Indian, Alaska Native and Native Hawaiian Native Nations and communities across the United States.

Key Points: 
  • AIANTA, the only national organization dedicated to advancing cultural tourism in Native Nations and communities across the United States, celebrated a record high attendance of participants at its shared booth and on Tribal Row this year - the highest engagement since the organization's first IPW in 2012.
  • Native Nations and communities to its shared booth and Tribal Row.
  • American Indian, Alaska Native and Native Hawaiian owned hospitality businesses contribute $14 billion in annual sales to the tourism and hospitality sector in the U.S., according to the Economic Impact of U.S. Indigenous Tourism Businesses Report .
  • AIANTA's participation at IPW is funded by NATIVE Act funds in partnership with the Office of Indian Economic Development.

New Study Estimates YouTube’s Impact on US Economy and Culture

Retrieved on: 
Tuesday, May 16, 2023
Film & Motion Pictures, TV and Radio, Music, Technology, Electronic Games, Online, Mobile Entertainment, Events, Concerts, Entertainment, Internet, Mobile, Wireless, Workforce, Learning, Culture, Parent, Multimedia, Research, Student, Gross domestic product, Dream, Oxford Economic Papers, Economic impact analysis, United, TurboTax, Candy

Today Oxford Economics–a global advisory firm–published a study assessing the impact of YouTube creators on the United State’s economy, culture, and society.

Key Points: 
  • Today Oxford Economics–a global advisory firm–published a study assessing the impact of YouTube creators on the United State’s economy, culture, and society.
  • The report also provides insight into how YouTube creators and users, parents and teachers feel about the platform’s impact on American life.
  • (Photo: Rainbow Plant Life)
    “YouTube continues to have a transformative impact on American society," said Tara Walpert Levy, Vice President for YouTube's Americas business division.
  • According to the study, 85% of U.S. parents who use YouTube agree that YouTube provides quality content for their children's learning and entertainment.