ECONOMIC IMPACT STUDY RESULTS

Galesburg can expect approximately 167,000 visitors per year at the National Railroad Hall of Fame according to projections included in a comprehensive market analysis and economic feasibility study prepared by Economics Research Associates of Los Angeles during the last eight months.  

The one-time impact of construction is projected to create $50.6 million in direct and indirect expenditures in the community, creating 421 construction-related jobs with estimated total wages of $16.2 million.
                                                                            
On an annual basis, the impact of Hall of Fame operations and related off-site spending is projected to produce $5.5 million in expenditures, generating 68 full-time equivalent jobs with estimated wages of $1.8 million.
                                               
The projections take into account both the direct and indirect impacts of economic activity related to Hall of Fame activities in Knox County.  Additional economic impact is expected to occur outside the county as well, generating un-quantified economic benefit to the regional economy.

Economics Research Associates is an international consulting firm specializing in market analysis and risk assessment for private entities, government, and non-profit organizations.  Their projections for the National Railroad Hall of Fame are based on a $30 million investment at a downtown Galesburg location.