Monday, October 17, 2011

Golf Industry and its economic impact

Interesting study completed regarding the Missouri Golf Industry.

Study: Golf is an $889 million industry in Missouri

JEFFERSON CITY | A new study concludes that golf is an $889 million industry in Missouri.
The study released Tuesday says most of that money comes from Missouri's 352 golf courses, 40 driving ranges and 30 miniature golf courses. But the figure also includes revenues from such things as real estate deals, tourism and golf supply sales.
It says the direct economic impact of golf in Missouri is comparable to that of the manufacturing of engines, turbines and transmission equipment.
When indirect spending is included, the study estimates golf has a total economic effect of $1.7 billion in Missouri.
State officials presented the study on the opening day of the annual Governor's Conference on Tourism. It was conducted by California-based SRI International for the Missouri Alliance for Golf

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