Document Type
Report
Publication Date
10-2012
Keywords
Botanical garden, Hot Springs, Arkansas, landscape architecture, economic impact
Abstract
The study is organized as follows. First, the facilities and programs at Garvan Woodland Gardens are described in detail. Next, information on visitor and member counts, employment and volunteers, and financial information from the Gardens are provided. Finally, the results of the economic impact analysis from the IMPLAN input‐output model are presented for employment, value‐added, and output impacts on the Hot Springs area and the state of Arkansas. The detailed employment and output impacts by industry are available in the Appendix. Estimated employment impacts are compared to the county and state employment data from the Bureau of Labor Statistics to keep the numbers in perspective. Additionally, the state and local tax estimates generated by the IMPLAN model are provided. Throughout the report, the results of the Center staff interviews with leaders of the tourism sector in Hot Springs and at the Arkansas Department of Parks and Tourism are presented as anecdotal support to the data. The conclusions of the economic analysis are presented at the end of the report.
Citation
Deck, K. A., & Riiman, V. (2012). Estimating the Economic Impact of Garvan Woodland Gardens. Publications and Presentations. Retrieved from https://scholarworks.uark.edu/cberpub/15
Included in
Agricultural and Resource Economics Commons, Behavioral Economics Commons, Finance Commons, Growth and Development Commons, Income Distribution Commons, Labor Economics Commons, Regional Economics Commons
