Do New Sports Facilities Prompt New Business in Local Communities?

14962586954_71434f3054_zHow well do new sports facilities promote economic growth in a community? Recently published in the Journal of Sports Economicsthe article “Do New Sports Facilities Attract New Businesses?” from authors Kaitlyn Harger, Brad Humphreys, and Amanda Ross seeks to answer this question by analyzing how many new businesses open following the opening a new sports facility in a community. The abstract for the paper:

We examine the impact of new sports facilities on new businesses, an unexplored Current Issue Covertopic in the literature. We use data from the Dun and Bradstreet MarketPlace files to examine how new sports facilities affect nearby business activity in terms of the number of new businesses and workers. We find no evidence of increased new businesses openings after the opening of new sports facilities in 12 U.S. cities in the 2000s; employment at new businesses near new facilities is larger than at new businesses elsewhere in the metropolitan statistical area; this increase cannot be linked to businesses in any specific industry.

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This entry was posted in Business, Economics, Sports Economics and tagged , , , , , , , by Cynthia Nalevanko, Senior Editor, SAGE Publishing. Bookmark the permalink.

About Cynthia Nalevanko, Senior Editor, SAGE Publishing

Founded in 1965, SAGE is the world’s leading independent academic and professional publisher. Known for our commitment to quality and innovation, SAGE has helped inform and educate a global community of scholars, practitioners, researchers, and students across a broad range of subject areas. With over 1500 employees globally from principal offices in Los Angeles, London, New Delhi, Singapore, Washington DC, and Melburne, our publishing program includes more than 1000 journals and over 900 books, reference works and databases a year in business, humanities, social sciences, science, technology and medicine. Believing passionately that engaged scholarship lies at the heart of any healthy society and that education is intrinsically valuable, SAGE aims to be the world’s leading independent academic and professional publisher. This means playing a creative role in society by disseminating teaching and research on a global scale, the cornerstones of which are good, long-term relationships, a focus on our markets, and an ability to combine quality and innovation. Leading authors, editors and societies should feel that SAGE is their natural home: we believe in meeting the range of their needs, and in publishing the best of their work. We are a growing company, and our financial success comes from thinking creatively about our markets and actively responding to the needs of our customers.

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