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Wednesday, April 26 • 9:00am - 9:20am
Biltmore Blooms: An Economic Impact Analysis of the Biltmore Estate Flower Festival

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An economic impact analysis of the Biltmore Estate annual flower festival based on the macroeconomic tools: the multiplier and the impact of autonomous changes in aggregate spending. The project will use these macroeconomic tools on a regional scale in order to successfully conduct an economic impact analysis. This will answer the question of what impact the Biltmore Flower Festival has on total spending in Asheville’s economy. My motivation behind this project is my interest in how businesses and events affect economies on a regional scale. This analysis will be a useful tool to measure changes in Asheville’s economy. The results of this analysis could be useful for businesses to show that their event is profitable and can be used to argue for things like tax concessions, asking city to improve nearby roads, and to raise general support from the public and the government.

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Wednesday April 26, 2017 9:00am - 9:20am
035 Karpen Hall

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