Pre-event Economic Impact Study reveals WorldSkills Calgary 2009 may bring $82.5 million to Calgary as host city.



    CALGARY, Nov. 2 /CNW/ - WorldSkills Calgary 2009 has released details on
a Pre-event Economic Impact Study commissioned by the Calgary Host Committee.
Based on current operating budgets, the city could see up to $82.5 million
injected into the economy as a direct result of hosting the WorldSkills
Calgary 2009 Competition. Projections include $15.8 million in visitor
expenditures and $66.7 million in operating expenditures.
    WorldSkills is an international competition where participants challenge
their skills in the trades and technology. Over 900 competitors from 49
countries will be participating in Calgary in 2009.
    "The results of this study are significant," explains Kerry Moynihan,
Vice President External. "In addition to promoting the importance of skilled
trades and technology-based careers, this event will have a significant
economic impact on the city of Calgary and the Province of Alberta."
    Asked to comment, Marco De Iaco, Director of Sport & Major Events for
Tourism Calgary, says, "When Calgary won the bid to host the games, we were
confident it would have a positive impact on the local economy and tourism.
This study helps to confirm it."
    "We will continue working to attract and support international events
that provide significant branding and promotional opportunities, community
legacies, and benefits to the Tourism industry," De Iaco adds.
    The potential total direct, indirect and induced economic impacts in
Calgary relating to the $82.5 million in initial expenditures is estimated to
be $59.2 million in GDP (or "net economic impact"). Potentially, over 930 jobs
could be created (direct, indirect and induced) - with wages and salaries
estimated at $42.5 million. Tax support revenue to all levels of government
could reach $23.3 million ($12.9 million Federal, $6.5 million Provincial and
$3.9 million Municipal).
    The study was conducted by an independent consultant, utilizing the
Tourism Economic Assessment Model created by The Conference Board of Canada.


    
    Backgrounder
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    Pre Event Economic Impact Summary

    -------------------------------------------------------------------------
    Area                        Visitors       Operations       Totals
    -------------------------------------------------------------------------
    GDP-net economic impact     $13,763,309    $ 45,525,052     $ 59,288,361
    -------------------------------------------------------------------------

    Industry Output             $28,302,643    $100,289,825     $128,592,468
    -------------------------------------------------------------------------

    Wages & Salaries            $ 8,826,983    $ 33,708,158     $ 42,535,141
    -------------------------------------------------------------------------

    Employment - Jobs           325            607              932
    -------------------------------------------------------------------------

    Taxes
    -------------------------------------------------------------------------
    Federal                     $ 3,261,103    $  9,669,542     $ 12,930,645
    -------------------------------------------------------------------------
    Provincial                  $ 1,251,199    $  5,215,909     $  4,467,108
    -------------------------------------------------------------------------
    Municipal                   $ 2,112,417    $  1,784,849     $  3,897,266
    -------------------------------------------------------------------------


    About WorldSkills Calgary 2009

    -   WorldSkills Calgary 2009 Ltd. is a not-for-profit organization that
        was established to plan and host the 40th WorldSkills Competition in
        September 2009.
    -   The competition will take place from September 1 - 6, 2009, to be
        held at Calgary Stampede Park.
    -   900 competitors from 49 member countries (representing 20 languages)
        will be participating.
    -   The organization's mission is to engage the passion of Canada's young
        people to pursue the trades and technology as viable and rewarding
        career options.
    -   Nearly 150,000 spectators and 5,000 experts, delegates and judges
        from around the world will attend the competition.
    -   It will require 800,000 square feet of space at Stampede Park.
    -   The competitors will be housed and fed at the first ever WorldSkills
        Village located at SAIT Polytechnic.
    -   Operating budget is $67 million.

    About the WorldSkills Competition

    -   The WorldSkills Competition is the biggest skills competition in the
        world.
    -   The first competition was held in 1950 in Madrid, Spain. Canada last
        hosted the WorldSkills Competition in Montréal in 1999 at the Olympic
        Stadium.
    -   Every two years, over 900 competitors from 49 member countries gather
        to compete in over 40 skill categories ranging from welding, cooking,
        autobody repair and landscape gardening to beauty care and web
        design.
    -   The competition attracts hundreds of thousands of visitors including
        public policy makers, government representatives, employers,
        teachers, trainers and experts from around the world.
    

    NOTE: The detailed Economic Impact Study is available on request from
    Kerry Moynihan: 403-969-5963 or by e mail at kerry.moynihan@
    worldskills2009.com




For further information:

For further information: Mr. Kerry Moynihan, Vice-President External,
WorldSkills Calgary 2009, E-mail: kerry.moynihan@worldskills2009.com, Phone:
(403) 210-5963, Cell Phone: (403) 969-5963

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WORLDSKILLS CALGARY 2009

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