THE ALBANY CAPITAL CENTER SHOWS POSITIVE ECONOMIC IMPACT ON THE COMMUNITY, GENERATING MORE THAN $13.5M IN TOTAL SPENDING SINCE ITS OPENING
LBANY, N.Y. – The Albany Convention Center Authority at its regularly scheduled quarterly Board meeting Wednesday, August 8, 2018, held at the Albany Capital Center, received economic impact updates from Discover Albany. The report highlighted total economic impacts generated by the Albany Capital Center from March 1, 2017 through June 30, 2018 of more than $13.5 million in visitor spending, with 113,845 visitors attending, 10,664 hotel rooms booked, and 6,314 full time equivalent jobs supported. The direct impact upon sales tax during the same period has been an increase to New York state of $831,653.00 and an increase to Albany County of $766,297.00.
“What this data shows is the Albany Capital Center is positively attributing to the vitality of the area,” said Albany Convention Center Authority Board Chair Megan Daly. “The convention center is drawing more people from the outside area too, which has always been the mission since day one. We’re pleased to see the continued push to invest in the center to attract new convention and meeting business. It’s good for the city, county and the state.”
Of the 250 events held at the facility from its opening through the end of June, the biggest revenue generators are conventions, bringing in just over $5 million in visitor spending. Sporting events follow at more than $3.5 million with the balance of the $13.5 million in visitor spending coming from meetings, public events, social events and trade shows.