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Draft THC economic-impact study finds heritage sites generate nearly $20 billion in output over five years
Summary
A draft economic impact report presented to the Texas Historical Commission estimates that THC-managed sites and affiliated trail-region activities generate about $20 billion in economic output over five years, create roughly 33,000 jobs and produce more than $100 million in state tax revenues, driven primarily by tourism.
The Texas Historical Commission on April 23 received a draft economic-impact report prepared by Gallagher Associates that quantifies the financial contribution of THC historic sites and affiliated heritage-trail activities.
Key findings (draft) - Aggregate economic output over five years (all THC sites analyzed): approximately $20 billion. - Jobs created (construction, operations and tourism combined): roughly 33,000. - State tax revenue from related activity over the study period: approximately $120 million (largely sales tax…
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