TeamNEO Study Shows IngenuityFest Positive ROI for Cleveland
James Krouse | March 18th, 2010 | 1 Comment »March 18, 2010 (Cleveland, OH) – A recent study conducted by TeamNEO shows that the 2009 IngenuityFest was more than a fun summer diversion; it was an economic engine for the Northeast Ohio region. According to the study, the three-day celebration of art, music, and technology brought in an estimated $1.3 million to Cuyahoga County from out-of-region visitors and $2.7 million to the City of Cleveland from non-Cleveland visitors. The study also shows a transaction total of $4.5 million indicating total money spent because of the festival from both inside and outside the area. The total budget for 2009′s festival was approximately $600,000. “Every year our goal is to put on a world-class event for the area’s residents, but the TeamNEO study shows that our efforts have been an economic plus for the city and region as well,” says Paula Grooms, Ingenuity’s Executive Director. “From the perspective of our supporters
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