Only a small amount of the money is spent on the Iowa County Fair is going to stay in the local economy. Over 65% of the people who worked at the fair are from outside the county. Insurance that is paid by the fair is 50% more likely to be paid to a company in a different state. The rides and games could have been assembled by people from outside the community, but also designed and produced in a different state than Iowa. These possibilities allow for money to leak out other economy and to have effects on other areas. When money is spent at the fair a part around 15% of the money will “leak” out of the locale economy.
Thursday, May 16, 2013
Money spread beyond local economy
Only a small amount of the money is spent on the Iowa County Fair is going to stay in the local economy. Over 65% of the people who worked at the fair are from outside the county. Insurance that is paid by the fair is 50% more likely to be paid to a company in a different state. The rides and games could have been assembled by people from outside the community, but also designed and produced in a different state than Iowa. These possibilities allow for money to leak out other economy and to have effects on other areas. When money is spent at the fair a part around 15% of the money will “leak” out of the locale economy.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment