The "Jamestown 2007" economic impact analysis report, which was recently completed by Chmura Economics & Analytics, was released today. Read the full report here: Economic Impact Analysis of the America’s 400th Anniversary: Jamestown 2007 Commemoration on the Commonwealth of Virginia.

Here are some highlights from the report:

The America’s 400th Anniversary: Jamestown 2007 Commemoration was a series of events spanning 18 months, highlighting the 400th anniversary of Jamestown’s establishment as the first permanent English settlement in North America. The Commemoration activities were coordinated by Jamestown 2007, a sub-agency of the Jamestown- Yorktown Foundation. The series of events included 13 Signature Events staged by Jamestown 2007, highlighted by America’s Anniversary Weekend in May 2007. Additional events included those organized by other agencies or institutions in partnership with Jamestown 2007, as well as hundreds of community events staged by local organizations throughout Virginia. These events attracted more than three million participants, including visitors from Virginia and from outside the state and the country.

The Commemoration was a public-private sector effort that involved 10 years of planning and development. To organize the events and prepare for the influx of visitors, the Commonwealth of Virginia, communities, businesses and institutions around the state, invested millions of dollars to improve roads, refurbish historic buildings, enhance and/or expand facilities, and produce major exhibits and displays.

This capital spending, in addition to visitor spending in Virginia related to the Commemoration, contributed positively to the Commonwealth’s economy in terms of sales, jobs and tax revenues. As reviewed in this report, America’s 400th Anniversary Commemoration:

• Generated $1.2 billion in sales in Virginia,
• Created an estimated 20,621 jobs in Virginia,
• Provided an estimated $22.0 million in tax revenue for Virginia and $6.4 million in tax revenue for local governments, and
• Promoted Virginia’s tourism industry and increased exposure of Virginia as a tourism destination through editorial coverage that generated more than 12 billion media impressions.