Comment 64500

By Gary Santucci (anonymous) | Posted June 03, 2011 at 02:29:27

I was curious as to how HECFI and Economic Development measured economic impact in our community. Through an FOI (freedom of information request) I was able to obtain the formula for such calculations. Using the City's own numbers we have calculated the Pearl company's economic impact to be 11.7 million dollars over the last five years. So much for the BS arts organizations refered to in an earlier post. We have achieved this along with others at a fraction of the cost compared to organizations like Hecfi.

Gary Santucci
The Pearl Company

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