Disciplines

Business | Economics

Abstract

SUMMARY OF ECONOMIC IMPACT

  • The total annual economic impact of FMG is $138 million in economic activity, supporting 1,167 jobs, and contributing $77.6 million to Kent County’s GDP.
  • The visitor direct spending, operational spending, and capital investment spending generate $353,115 in annual tax revenue for Kent County.
  • There were 755,000 visitors to Frederik Meijer Gardens and Sculpture Park (FMG) with 62% of these visitors coming from outside Kent County (nonlocal visitors).
  • 50% of the nonlocal visitors were visiting FMG for the first time and 48% of the local visitors visit FMG six or more times a year.
  • 40% of all visitors have household incomes over $125,000.
  • 37% of all visitors have a 4-year degree and 40% of all visitors have a graduate degree.
  • There were 271,541 primary visitors to FMG. That is, visitors who stated their primary reason for being in Kent County was to visit FMG.
  • All (local and nonlocal) primary visitors generated $20.9 million in direct spending.  The direct spending from primary visitors results in an annual economic impact of $30.6 million in economic activity, supporting 268 jobs.
  • The nonlocal primary direct spending generates a fiscal impact for Kent County of $106,969.
  • FMG organizational spending generates $35.7 million in additional economic impact and support for 301 jobs.
  • Over the past three years, FMG capital investment spending generated an average annual economic impact of $12.1 million and support for 80 jobs.

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