Economic impact study: Folkmoot Festival generates $9.2 million

Folkmoot Festival Generates $9.2 million—Organization Releases Results of 2013 Economic Impact Survey

The results of an economic impact study conducted by Tom Tveidt of SYNEVA Economics demonstrate that Folkmoot USA had a $9.2 million impact on Western North Carolina in 2013. The firm conducts economic impact assessments for clients throughout the United States, and has most recently completed studies for UNC Asheville, the Boy Scouts of America’s National Scouting Center, and the Greenville-Spartanburg International Airport. Only overnight and outside day-trip visitors were included in Folkmoot’s study. “By tracking Festival spending as it moves through the local economy, we were able to measure the important role it plays in supporting jobs, adding income and generating tax revenues,” noted Mr. Tveidt.

This news comes at a positive time in the organization’s history. Folkmoot Executive Director Karen Babcock sees a great future for Folkmoot’s cultural exchange activities, “We are thrilled that our efforts to bring the world’s cultures to Western North Carolina have a positive economic impact on communities. The $9.2 million impact has far exceeded all expectations.”

After 30 years of focusing on the annual summer festival, Folkmoot is becoming a more sustainable organization with plans to offer year-round programs. The expanded cultural

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