Did you know that Sister Cities of Louisville brings a wealth of benefits to our city and surrounding areas — not only from a people-to-people exchange, but also an economic benefit. For those folks who want to know how it impacts Louisville’s bottom line, here is Sister Cities’ most recent economic impact on Louisville in 2011:
$129,500 generated in tuition for local Universities
$171,600 in educational scholarship to both students and teachers
$100,000 in sales revenue
$12,975 in hotel stays
That’s more than a half million dollars contributed to Louisville’s bottom line. But those hotel stays and sales revenues are misleading. Why?
Because there are many more dollars that are spent by our residents since many of Sister Cities of Louisville’s foreign visitors stay with tax-paying citizens in their own homes. They feed our international visitors, as well as transporting them, paying for their visits to our local museums and restaurants, and the list goes on — and of course, those numbers aren’t booked by our membership. So MANY more thousands of dollars are contributed to Louisville’s bottom line.
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