Kaine Announces Economic Impact of State Tourism

September 25, 2007

Kaine announced that visitor spending in Virginia reached $17.7 billion in 2006, a 7.2% increase over 2005.

According to the figures tourism, one of the state's largest industries, provided 208,200 jobs for Virginians in 2006 and generated $706.8 million in state taxes and $503 million in local tax revenue.

Tourism revenue for localities across the state increased, collecting $503 million in tourism-related taxes in 2006, a 6.1% increase from 2005. State taxes from the industry rose 4.7% from 2005.

Research from the Virginia Tourism Corporation shows that the $706.8 million tourism generates in state tax revenue could pay for the education of more than 80,000 Virginia students, 1,900 miles of roadways, the distance from Virginia Beach to Denver, or salaries and benefits for 11,500 state police officers.

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