Fort Ticonderoga has announced today the findings of a report that concludes the Fort generates $8.9 million annually in state and local economic impact. The total includes visitor spending from tourists; spending by the Fort Ticonderoga Association in its daily operations; the indirect and induced impacts created by labor income as it flows into the regional economy; and tax revenue generated by that spending.
In 2013 the Fort Ticonderoga Association of Ticonderoga, NY commissioned Magellan Strategy Group to perform the study which utilized data provided by guests visiting Fort Ticonderoga in 2013 and IMPLAN software. According to a statement issued to the press “The study employed a conservative approach to measuring guest spending that evaluated only those expenditures that occurred as a result of visiting Fort Ticonderoga.”
This study is part of a larger Fort Ticonderoga destination master plan currently being developed for the site’s 2,000 acre campus and two miles of shoreline on Lake Champlain.
The announcement was celebrated by regional and state officials, as well as local and regional business leaders, regional non-profit leaders, and tourism representatives. Featured speakers at the announcement included New York State Senator Elizabeth Little; New York Assemblyman Dan Stec; Garry Douglas, President and CEO of the North Country Chamber of Commerce; James McKenna, President and CEO of the Regional Office of Sustainable Tourism; Bill Grinnell, Ticonderoga Town Supervisor; Sanford W. Morhouse, Fort Ticonderoga Association Chairman of the Board; and Beth Hill, Fort Ticonderoga Association President and CEO.
Report Details Provided In A Press Release:
Impact Upon Jobs:
- Visitor spending by the over 66,000 annual Fort Ticonderoga guests while in the region generates a substantial direct economic impact- over $5 million annually.
- 80 local jobs depend directly upon Fort Ticonderoga visitation, representing $2.4 million in labor income that flows into the regional economy.
- These 80 jobs generate a total of $5.4 million in economic output, counting direct, indirect, and induced impacts.
- Combined, guest spending and Fort Ticonderoga’s operations generate a total of 120 jobs, adding $3.7 million in labor income to the economy.
Impact Upon Tax Revenue:
- Nearly $1.8 million in annual tax revenue generated to federal, state and regional governments.
- $782,758 in state and local taxes and an additional $545,273 in federal taxes.
- The state and regional revenue reduces the annual tax burden for every local household in Essex County, NY by an estimated $47.69.
Impact Upon Tourism:
- 85% of guests say that Fort Ticonderoga is the primary reason for visiting the Ticonderoga area.
- 75% of Fort Ticonderoga’s 66,000 guests visited the area for the first time in 2013.
Impact Upon Lodging:
- 54% of Fort Ticonderoga guests spent at least one night in regional commercial lodging (hotels, motels, bed and breakfasts, rental cabins, etc.) specifically as a part of their Fort Ticonderoga visit.
- 24% of Fort Ticonderoga guests spent the night in commercial lodging in and around the town of Ticonderoga.
- Average stay by Fort guests in commercial lodging on their visit is 2 nights.
- One-quarter of Fort Ticonderoga guests stayed 3 or more nights in commercial lodging.
Economic Impact of the Spending by Fort Ticonderoga Guests:
- Total spending per guest associated with a visit to Fort Ticonderoga is $75.02 including food and beverage, lodging, gas/auto, retail, and entertainment.
Located on Lake Champlain and in the 6 million acre Adirondack Park, Fort Ticonderoga is an independent not-for-profit educational organization, historic site, and museum.
Fort Ticonderoga offers programs, historic interpretation, tours, demonstrations, and exhibits throughout the year and is open for daily visitation May 10 through November 2, 2014. The 2014 season features the Fort’s newest exhibit Founding Fashion: The Diversity of Regularity in 18th-Century Military Clothingwhich brings together for the first time the museum’s wide variety of important 18th-century clothing, related artwork, and archeological fragments to illustrate the diversity of clothing worn by the armies who served at Fort Ticonderoga during the French & Indian War and Revolution.
Photo by Carl Heilman.