America's Cup- Impact on the Valencian Economy
by Valencia Life on 5 Jan 2008
32 America’s Cup in Valencia is claimed to be 10 times the economic impact that of the Auckland event MCC McCamp
Gerardo Camps, the Economy Conseller, yesterday gave a press conference during which he outlined the financial results of the America's Cup in a 27-page report from the Valencian Finance Institute.
The fact that the 32nd edition of the Cup took place in Valencia has generated almost 74,000 jobs, and the overall economic impact of the Cup races has been responsible for a 3.29% hike in employment and an increase of 2.67% in the Gross Domestic Product of the Valencian Community.
Overall, the impact of the Cup was ten times that of the previous time it was staged in New Zealand
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