The Bank of America Chicago Marathon gives local economy a lift

Sep 05, 2014

The Bank of America Chicago Marathon makes a difference in global causes, and the local economy.

The 37th Bank of America Chicago Marathon will take place on October 12th, bringing together 45,000 runners, 12,000 volunteers and 1.7 million spectators for an extraordinary race. Participants, including elite runners and wheelchair athletes, will converge on Chicago from all 50 states and more than 100 countries. The race starts and finishes in Grant Park, with runners traversing 29 of the city’s diverse neighborhoods.

For more than two decades, the Bank of America Chicago Marathon has had a significant economic impact on the city. Last year, the event contributed over $253 million in business activity, created the equivalent of 1,742 full-time jobs and providing $85.94 million worth of wages and salary income, according to a University of Illinois report. This was an 11% increase over the year before.

The Chicago Marathon is a great showcase for Chicago as a city of neighborhoods with world-class culture, cuisine and quality of life,” said Chicago Mayor Rahm Emanuel. “In this race, Chicago is the biggest winner as people from around the world experience all that the most American of American cities has to offer, benefiting all our neighborhoods, economically, culturally, and socially.”

In addition to supporting the local economy, Bank of America’s sponsorship of the race provides a significant fundraising opportunity for nonprofits. Last year, the Marathon raised $15 million for local, national and global organizations. From 2002 through last year, the Bank of America Chicago Marathon’s program generated more than $115 million for charitable causes. This year, more than 195 nonprofit organizations will raise funds to advance local, national and global causes.

“Exceeding $250 million for the first time underscores not only the significance of the economic and tourist activity the race brings to the city, but also supports the fact that the Marathon has a personal connection to everyone involved, whether a runner, spectator, business owner, or charity,” said Tim Maloney, president, Bank of America Illinois. “We’re committed to ensuring everyone associated with the Marathon, including Chicago’s businesses and residents, has an enjoyable experience, so we can continue to make a positive impact on the city for many years to come.”

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