ROCHESTER, NY--(Marketwire - April 01, 2013) - Greater Rochester Enterprise (GRE) -- an economic development organization focused on promoting the Greater Rochester, N.Y., region as a competitive place for business location and growth -- is projecting a $78 million economic impact on the region from the 2013 PGA Championship as a result of a recent economic impact study. The 95th PGA Championship is scheduled to take place Aug. 5-11 at Oak Hill Country Club. The study also predicts that 1,127 temporary, full- and part-time jobs will be added to support the influx of golf enthusiasts. State and local fiscal revenue is estimated to increase by $7,304,447 from sales, income and other taxes.
According to the study, sporting event production, construction, service industries and real estate are expected to receive the biggest boost from the tournament.
"Enthusiastic cooperation between the public and private sectors has helped the Greater Rochester, N.Y., region become a premier venue for major golf events like the PGA Championship," GRE President & CEO Mark S. Peterson said. "We are excited to show off the high quality of life and incomparable business assets that make this region such a great place to live and work."
In addition to hosting the 95th PGA Championship, Oak Hill has held the Ryder Cup, the Senior PGA Championship, the U.S. Open Championship, the U.S. Amateur Championship, and the U.S. Senior Open Championship. Locust Hill Country Club, also located in Rochester, N.Y., annually hosts the LPGA Championship. A recent report by the N.Y. Golf Task Force estimates the size of the state's direct golf economy at nearly $3 billion per year.
"On behalf of the PGA of America, we are honored to host the 95th PGA Championship in Rochester, N.Y., at the legendary Oak Hill Country Club," said Ryan Cannon, championship director for the 95th PGA Championship. "Bringing a PGA Championship back to Rochester is a regional effort of which we are most proud to share with our partners in the Town of Pittsford, the County of Monroe, the Finger Lakes Region and the entire State of New York. We look forward with great anticipation to welcoming golf fans and families from around the world to discover this great region and enjoy the many benefits it has to offer."
Known for its highly skilled workforce and world-class universities, the Greater Rochester, N.Y., region consistently receives national recognition. The area was recently named the third best economy in the U.S. by the Brookings Institution and a top hub of innovation by Fast Company and Atlantic Magazine. Forbes also ranked Rochester 5th for patents per capita based on its analysis of the most innovative cities in the U.S. Among others, PepsiCo, Xerox, and IBM have all announced Rochester-area expansions totaling more than $200 million in the past 12 months.
To see a complete version of the PGA Championship economic impact study, visit http://www.rochesterbiz.com/Press/Detail.aspx?articleid=247.
Located in the heart of New York's technology corridor, Greater Rochester Enterprise (GRE) is a public-private partnership established to professionally market the Rochester metropolitan region as a competitive, high-profile place for business location and growth. Its efforts support business attraction and expansion, as well as entrepreneurship and innovation. GRE collaborates with businesses, universities, not-for-profit organizations and government leaders to ensure a unified approach to regional economic development. For more information, please go to www.RochesterBiz.com.
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