Bluesfest’s $84m boost to economy
WITH more than $64 million flowing into the Byron Shire's economy from Bluesfest 2013, locals can feel anything but blue.
An economic impact report undertaken by Lawrence Consulting and released yesterday by Bluesfest showed the five-day festival generated $64.1 million for Byron shire's economy.
And the economic benefits spread further, generating $84.2 million for the entire Northern Rivers economy and $150.6 million across the state.
And with an estimated attendance of 40,607 over the Easter long weekend, the gross indirect expenditure from tourism was estimated to be worth $21.4 million.
"We knew 2013 was a huge year but it was still great to see a boost in both employment positions and income and an increase in our overall contribution to gross regional product from 2011, which was also a bumper year for us," said festival director Peter Noble.
Bluesfest created almost 400 full-time equivalent jobs with estimated total wages and income of $10.8 million in the Byron Shire.
The annual blues shindig also contributed an estimated $28.4 million, or 2.1%, to the shire's gross domestic product.
There was also a record- breaking $120,000-plus raised by Bluesfest charity stalls.