The Bank of America Chicago Marathon boosts the local economy
Nov 01, 2013
The 36th Bank of America Chicago Marathon took place on October 13, bringing together 45,000 runners, 12,000 volunteers and 1.7 million spectators for an extraordinary race. Participants, including elite runners and wheelchair athletes, converged on Chicago from all 50 states and more than 100 countries. The race started and finished in Grant Park, with runners traversing 29 of the city’s diverse neighborhoods.
The Bank of America Chicago Marathon has a significant economic impact on the city. In 2012, for example, the event contributed over $243 million in business activity, created the equivalent of 1,685 full-time jobs and provided $82.66 million worth of wages and salary income, according to a University of Illinois Regional Economics Applications Laboratory (R.E.A.L.) report. This was an 11% increase over the year before.
Every year, the race attracts new visitors, strengthens Chicago as a tourist destination, and diversifies the city’s economic base. “As one of the city’s premier events, the Bank of America Chicago Marathon brings the city together,” said Chicago Mayor Rahm Emanuel. “It gives us the opportunity to proudly showcase our world-class hotels, restaurants and entertainment opportunities. I am appreciative of Bank of America’s efforts to support the Marathon, as evidenced by the growing interest and economic impact of the event.”
In addition to supporting the local economy, Bank of America’s sponsorship of the race provided a significant fundraising opportunity for nonprofits. In 2012, the Marathon raised $15.3 million for 190 local, national and global organizations. From 2002 through 2012, the Bank of America Chicago Marathon’s program generated more than $100 million for charitable causes.
“Tens of thousands of people look forward to the race every year, whether they’re running, cheering on family and friends, or running a business that caters to these groups,” said Tim Maloney, Bank of America Illinois president. “We are proud to work hand-in-hand with Chicago officials and residents to ensure that every Marathon participant has a positive experience and wants to return next year.”
To learn more, visit www.chicagomarathon.com