Economic Impact: At the Assayer's Office

Fairs have a significant impact on California’s economy. The overall impact of spending by all participants at fairtime and interim events resulted in a total economic impact on California of $2.55 billion in 2002. Attendee direct spending at fairtime and interim events totaled about $963 million in 2002 Annual income impact from attendee, fair organization and fair-related business spending exceeds $791 million. Jobs created by fairs through direct employment and multiplier impacts reached nearly 28,000 in 2002. State and local governments collected an estimated $136 million in tax revenues from fair-related activities For each worker the fair organization and related business employs, an estimated 2.62 total jobs are created. Each dollar the economic participants pay their employees, an estimated $2.10 in total income is produced. Each dollar spent by fairs and interim event participants generates an estimated 39 cents of additional spending in the state, for a total impact of $1.39 per dollar spent.