The Houma-Terrebonne Civic Center contributed an estimated $10.2 million to the local economy in 2012 according to a new economic impact report. The independent study was conducted by The University of New Orleans Division of Business and Economic Research.
During 2012, 112 unique events were hosted at the Civic Center bringing in a total of approximately 125,000 people, of which 30% were from outside Terrebonne Parish. The study does not include the spending of local residents of the parish who attended events at the Civic Center.
The study found that in 2012 the Civic Center generated $6.9 million in direct spending and $3.3 million in secondary spending accounting for a total economic impact of $10.2 million. Furthermore, the facility generated a total of about $0.6 million in tax revenues for the state and local government.
“The Civic Center continues to be an asset to our community,” said Janel Ricca, Houma-Terrebonne Civic Center Director. “This report shows the financial impact the Civic Center had in Terrebonne Parish in 2012, numbers that are not reflected in the Civic Center’s annual budget. As outlined in our mission statement, the Civic Center should be an economic catalyst to the Parish while providing cultural enrichment, diverse entertainment, a public forum, and space for corporate and association meetings/conventions to hold their events in Terrebonne Parish. This report exemplifies our mission.”