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SXSW economic analysis to be released Tuesday
Friday, September 11, 2015 by Nora Ankrum
The 2015 report on the economic impact of South by Southwest is scheduled for release on Tuesday. The report, by Greyhill Advisors, will be the ninth annual study on the event’s economic impact on the city. In the last few years, the amount of money brought into the Austin economy by the SXSW conference, trade show and festival has grown dramatically. According to an announcement from the city, the event’s economic impact in 2008 was $103 million. In 2014, SXSW more than tripled that amount, bringing in over $315 million. That figure points to tremendous recent annual growth as well, given that the 2013 fest brought the city $218 million. The new report will show whether that steep climb continued in 2015 with new data and findings from this year’s SXSW, held in March.
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