Latest News
• Add My News • Search Old News
Latrobe’s Spring Racing Carnival generates economic successA report prepared by IER Pty Ltd has been released highlighting the economic and social benefits generated within Latrobe City as a result of the 2003 Latrobe Spring Racing Carnival – The Power of Racing. By Latrobe City Council - 6th February 2004 - Back to News Latrobe City Mayor, Councillor Graeme Middlemiss said that the report revealed the Gross Economic Benefit generated by all spending at the nine events in the carnival was estimated at $8.9million.
The figure was based on the reported $4.73 million in direct spending at the events, and a further reported $4.23 million that is put back into the local economy in a second and third round of spending. According to the report the Carnival also generated more than $1.3million in new money for Latrobe’s economy.
A total of 600 on-site personal surveys were obtained by IER from visitors to each of the nine events in the Carnival.
The nine events were The Bull Riders Rodeo and Truckin’ with Tim, Churchill; The Moe Cup and Moe Cup Day 3-Hour Sale, Moe; Victorian Hillclimb Championships, Morwell; Derby Day – Ladies Day, Traralgon; Festival of Roses, Glengarry; Dual Code Meeting, Traralgon; 13th Annual Church Street Fiesta, Morwell; Golden City Power Karting Championships, Morwell.
The surveys provided information on visitor demographics and spending patterns over the variety of events and by using regional multipliers.
The report also showed an increase in employment opportunities during the time of the Carnival. It reported that an equivalent of 90 full time jobs were created or maintained as a result of the Carnival and 29 full time equivalent jobs were created through the spending by non-local visitors to the region.
In terms of numbers of people coming to the events, the report shows that 20,000 visitors, 23% of whom were from outside the region, attended the nine events in the Carnival. There were at least 45 overseas visitors who spent about $10,000 in the local economy and more than 4,000 visitors from other areas of Victoria spent more than $1.2million.
"This is money that would not have otherwise have been spent had it not been for the Carnival. This can only be good news for Latrobe City. Not only do we benefit from the fun and excitement of holding these events, but we reap the financial benefits too," Cr Middlemiss concluded.
Source: www.gippsland.com Published by: news@gippsland.com
Related Articles- Latrobe City Council endorsed applications for the 2026/2027 Black Spot Program, targeting high-risk crash sites across the shire
Latrobe City Council has applied for the 2026/2027 Black Spot Program, proposing safety upgrades at Traralgon, Morwell, and Newborough crash sites. Successful projects will involve community consultation during the design phase. - Latrobe City launches investment campaign showcasing strength, innovation, and opportunities across Gippsland
Latrobe City Council launched an investment campaign showcasing business strength, innovation, and opportunities positioning itself as Gippsland's hub for growth, transformation, and future industries. - Latrobe City Council endorses submissions on Hazelwood and Yallourn declared mine rehabilitation plans
Latrobe City Council has endorsed submissions on Hazelwood and Yallourn mine rehabilitation plans, promoting sustainable restoration, strong coordination, environmental accountability, community benefits, and long-term regional resilience. - Latrobe City Council seeks community feedback on the future of Moe Gardens Caravan Park as lease nears end
Latrobe City Council is inviting community feedback on the future of Moe Gardens Caravan Park, with the current operator's lease expiring in May 2026 under Crown Land Leasing Policy requirements for open and impartial processes. - Latrobe Valley's new 100MW big battery boosts energy reliability, cuts power bills, and supports Victoria's renewable transition
A 100MW Latrobe Valley big battery has officially opened, boosting energy reliability, cutting power bills, and supporting Victoria's renewable transition, helping achieve government storage targets while delivering affordable electricity. - Latrobe Valley households to cut energy bills with efficient electric heat pump hot water system upgrades
Latrobe Valley households can cut energy bills by $330 annually with efficient heat pump hot water systems, thanks to the Allan Labor government's SEC one stop shop pilot expansion. - Latrobe City Council endorses community engagement on draft financial, asset, and road management plans
Council endorsed community engagement on key draft plans, including the Financial, Asset, and Road Management Plans, ensuring alignment with the Community Vision, Council Plan, and long-term strategic planning framework. - Traralgon Greyhound Racing Club track redevelopment a "big win for people power," says Martin Cameron
Racing will resume at Traralgon Greyhound Racing Club after Glenview Park track redevelopment, hailed by Martin Cameron as a "big win for people power" following community and trainer advocacy. - Southern Rural Water urges water users to monitor, manage, and comply as Spring forecast warns above-average rainfall
The Bureau predicts above-average spring rainfall and warmer temperatures across eastern Australia. Southern Rural Water urges monitoring usage, maintaining bores, and following regulations to ensure fair, efficient water management. - Darren Chester welcomes $6.2M Traralgon Recreation Reserve redevelopment with upgraded facilities for Latrobe Valley sports clubs
Darren Chester welcomed the $6.2 million Traralgon Recreation Reserve redevelopment, providing modern changerooms and upgraded facilities through joint funding to support Latrobe Valley sports and long-term community participation. - Martin Cameron slams Energy Minister D'Ambrosio's false claims on power prices and jobs in Latrobe Valley
Nationals MP Martin Cameron condemned Energy Minister Lily D'Ambrosio's claims of delivering for Latrobe Valley, citing soaring power prices, weak jobs growth, and neglect of residents during Victoria's energy transition. - Martin Cameron says new emergency services tax replaces fire levy, adding enormous pressure to struggling small businesses
Latrobe Valley small businesses face soaring costs as Labor's new Emergency Services Tax replaces the Fire Services Levy, with Nationals warning it punishes regional communities and fuels insolvencies amid financial mismanagement. - Martin Cameron says Labor fails on crime, wasting millions on machete bins instead of protecting Gippsland
Crime in Latrobe has surged under Labor, with Moe incidents up 26% and retail theft 65%. Nationals' Martin Cameron says only their Safer Communities Plan will restore safety. - Danny O'Brien condemns Labor for empty social housing amid growing waitlists and rental shortages in Gippsland
Danny O'Brien has criticised Labor for leaving social housing vacant as waitlists grow, citing fewer homes, shrinking rental availability, rising costs, and failed policies driving investment away in Gippsland South. - South Gippsland Eat, Drink Play Festival celebrates local food, drinks, live music, kids' activities, and outdoor fun and other updates
Eat Drink Play Gippsland returns this spring at Leongatha Railway Precinct, showcasing regional food, drink, and live music. With daytime tastings, evening entertainment, and kids' activities, it's a family-friendly celebration of Gippsland.
|
|
