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The Boston Athletic Association and Meet Boston Announce $500 Million Economic Impact for the Commonwealth of Massachusetts
BACBank of America(BAC) Prnewswire·2024-11-14 16:00

Economic Impact - The Boston Marathon generates a total economic impact of 509.1million,whichincludesoperationalcosts,spendingbyparticipantsandspectators,andsecondaryeconomicimpactssuchashouseholdspendingandtaxes[1]Themarathonweekendfeaturesvariousevents,includingtheBoston5K,invitationalmile,andtheBankofAmericaBostonMarathonExpo,contributingtotheoveralleconomicactivityintheGreaterBostonarea[4]TourismandCommunityEngagementTheBostonMarathonservesasasignificanttourismdriver,attractingvisitorsandshowcasingtheregionshistory,culture,andcommunities[2]Theeventfostersasenseofunityamongparticipantsandspectators,with51509.1 million, which includes operational costs, spending by participants and spectators, and secondary economic impacts such as household spending and taxes [1] - The marathon weekend features various events, including the Boston 5K, invitational mile, and the Bank of America Boston Marathon Expo, contributing to the overall economic activity in the Greater Boston area [4] Tourism and Community Engagement - The Boston Marathon serves as a significant tourism driver, attracting visitors and showcasing the region's history, culture, and communities [2] - The event fosters a sense of unity among participants and spectators, with 51% of participants coming from outside New England and an average weekend spend of 500 [5] Charitable Contributions - In 2024, the Boston Marathon's Official Charity Program raised a record 45.7millionfor160organizations,contributingtoatotalphilanthropicimpactof45.7 million for 160 organizations, contributing to a total philanthropic impact of 71.9 million from the previous year [7] - Since its inception in 1989, the charity program has raised over $550 million, highlighting the marathon's role in community support and charitable giving [7][8] Future Events - The 129th Boston Marathon is scheduled for April 21, 2025, continuing the tradition of this iconic race [8][9]