Study: Tanglewood has $104 million economic impact in region

Posted on: May 15, 2017

“Nearly $104 million and counting,” writes Clarence Fanto in Monday’s (5/15) Berkshire Eagle (Mass.). “That’s the current, overall economic impact of Tanglewood on the Berkshire County economy each year, as reported in a new study by Williams College Economics Professor Stephen C. Sheppard and the college research center that he directs. The preliminary results from 1,700 just-completed surveys and related studies compare to the $60 million injected into the region’s economy annually a decade ago, when Sheppard compiled similar data…. The Boston Symphony Orchestra’s investment in its summer home is growing by another $30 million [with] construction of its four-building complex [to be] completed by spring 2019. Sheppard’s full report commissioned by the BSO will be released this summer and will include the orchestra’s economic impact on Boston and the rest of the state…. Sheppard emphasized that the data is fresh, with 1,700 survey responses from Tanglewood patrons received within the past few weeks. Audited budget and payroll data is from the BSO’s most recent fiscal year…. Total Berkshire impact: $104 million (2016); $60 million (2006). Tanglewood operations: $60 million (2016); $20 million (2006). Visitor spending: $44 million (2016); $24 million (2006). Annual attendance: 356,000 (recent average); 320,000 (2007 average).”

Posted May 15, 2017