TRAVERSE CITY — Youth sports tournaments are money.
A study released Wednesday shows Traverse Bay Area Youth Soccer's spring and fall tournaments and the fast-growing, mid-summer Cherry Bomb Lacrosse tournament spur $3.4 million in direct spending across the region.
The Traverse Bay Economic Development Corp. funded the study, which came about after TBAYS officials approached the Traverse City Area Chamber of Commerce.
"I went into it trying to get more support from the community, so that instead of it being an inconvenience, that people are embracing it," said TBAYS Executive Director Jennifer Jorgensen. "I think that whether it's hotels, or restaurants, we should really take a close look at what if these didn't exist — what's the advantage of having them?"
Chamber officials decided a survey would be a helpful start to determine the impact of "... when a youth sports event comes into town for a couple of days," said Chief Operating Officer Laura Oblinger.
Combined, the events attract 15,900 youth athletes and their families. Based on responses from almost 700 parents, the study showed, median average income of those attending is nearly twice that of a typical Michigan tourist.
Tournament participants use more than 2,000 hotel rooms a night and frequent nearly 100 restaurants, as well as dozens of retail stores.
Study results also indicated families plan to come back, whether for recreational travel or to relocate here with their families — and potentially their businesses.
"We know a good percentage of these folks have good positions, have higher incomes and have literally said, in some cases, we expect to move here in five to 10 years," Oblinger said.
The Traverse City Convention & Visitors Bureau typically works with the tournaments to procure blocks of hotel rooms and coordinate reservations between teams and the hotels.
Visitors bureau President Brad Van Dommelen said his staff had already been discussing the value of trying to attract more amateur sporting events to the region — from softball or basketball to others like sailing, fishing, kiteboarding and windsurfing.
"One of the things that the study pointed out is the huge potential for amateur sports," he said.
All of that sounds good to tournament organizers, who hope the study raises awareness of their economic impact on the community.
Ed Chima, one of the directors of Cherry Bomb Lacrosse, said the study could prompt more discussion with local business officials, particularly lodging interests, "in order for us to make it better for everybody — for the customers coming in and for the local businesses and citizens to enjoy what these folks might bring in."
Sports spur $3.4M in spending in area
TRAVERSE CITY — Youth sports tournaments are money.
Fifth Third Bank's Northern Michigan CEO Eckhoff to retire
Mark Eckhoff, Fifth Third Bank Northern Michigan’s president and CEO, will retire as of May 31.Continued ...
Traverse City Convention & Visitors Bureau named best in state
Readers of Michigan Meetings + Events magazine have named the Traverse City Convention & Visitors Bureau the best CVB in the state of Michigan.Continued ...
Median CEO pay rises to $9.7M
CEO pay has been going in one direction for the past three years: up.Continued ...
AAA: 31.2 million drivers to take Memorial Day road trip
It’s going to be another busy Memorial Day weekend on the nation’s highways.Continued ...
Meeting set on delivery-by-sail venture based in Northport
Dragonfly Sail Transport is holding an informational meeting Sunday at Brew North. Dragonfly is a new initiative based in Northport that aims to work with local merchants to deliver products to outlying harbor towns by sail.Continued ...
GM to invest $44.5M in Lansing factory
General Motors says it will invest $44.5 million at a Lansing factory, creating 200 new jobs.Continued ...
Venture capital conference returns
About three dozen companies are expected to present business plans at a two-day venture fair presented by University of Michigan’s Zell Lurie Institute for Entrepreneurial Studies.Continued ...
Donald Trump to address Oakland GOP
Donald Trump was set to address a group of Oakland County Republicans in Novi.Continued ...
- Tuesday, May 21, 2013
GM: 110 paid internships
General Motors is kicking the tires on a unique new internship program for Detroit-area high school students.Continued ...
Gas prices rise 10 cents over past week
AAA Michigan says gasoline prices have risen about 10 cents during the past week to a statewide average of about $3.88 per gallon.Continued ...
Couple, resort in Twitter tussle
An Internet entrepreneur and former Wall Street derivatives analyst contends central Idaho’s Sun Valley resort and the Twitter Inc. social media site heisted his handle.Continued ...
Court rules for Fannie Mae, Freddie Mac in Oakland lawsuit
A federal appeals court overturned a lower court ruling and threw out tax claims by Oakland County against the federally charted mortgage giants Fannie Mae and Freddie Mac.Continued ...
Ex-Saab execs arrested on accounting charges
A Swedish prosecutor says three former executives of automaker Saab Automobile AB have been arrested on accounting fraud charges.Continued ...
- Sunday, May 19, 2013
Oryana celebrates 40 years in business
In the early 1970s, a small group of Traverse City families got together to drive to Ann Arbor and purchase the grains and beans they couldn’t find locally.Continued ...
Chamber View: Multiple opportunities for learning
The people who make up our local business community often wear many hats – boss, line worker, ambassador, bookkeeper, mentor … the list goes on.Continued ...
Business Memoranda: 05/19/2013
Custer Workplace Interiors has added Emily Heilig to its northern Michigan sales team.Continued ...
Business in Brief: 05/19/2013
Become a contractor; Solar projec tbeing offered; MMC joins Spectrum. (Plus more)Continued ...
Building Permits: 05/19/2013
Building permits issued in Grand Traverse County:Continued ...
Real Estate Transfers: 05/19/2013
Address, asking price and sold price:Continued ...
The Record: 05/19/2013
Assumed names filed in Grand Traverse County:Continued ...
- Saturday, May 18, 2013
Ag Forum: Chestnuts a growing market
Various species of chestnut are found in Michigan — naturally in the landscape, in green spaces as ornamentals and also planted in orchards for nut production.Continued ...
Futures File: Even with large crop, soybeans shoot higher
Although U.S. farmers are expecting to harvest a large soybean crop this fall, the current supply of soybeans in storage is running low, lifting prices higher. This week, July soybeans shot up 45 cents (+3.2 percent), reaching $14.47 per bushel on Friday morning.Continued ...
Farm Focus in Brief: 05/18/2013
Beverage classes; Weed management; Compost Day. (Plus more)Continued ...
- Friday, May 17, 2013
Festival spotlights science, math
Newton’s Road, a regional nonprofit organization committed to increasing access to and appreciation of learning opportunities in science, technology, engineering and math, continues its Northern Michigan STEaM Film Festival on Saturday.Continued ...
Only 2 of 13 small SUVs do well in crash tests
Only two of 13 small SUVs performed well in front-end crash tests done by an insurance industry group, with several popular models faring poorly in the evaluations.Continued ...
- Fifth Third Bank's Northern Michigan CEO Eckhoff to retire