IDDC releases study on economic impact of solar eclipse in Indiana
Jena Stopczynski / ABC 57 INDIANAPOLIS, Ind.-- The Indiana Destination Development Corporation (IDDC) is excited to unveil the results of a comprehensive statewide economic impact study commissioned to figure out the impact of the April 8 total solar eclipse on Indiana's economy.
"Indiana was a prime destination for the 2024 total solar eclipse," said Lt. Gov. Suzanne Crouch. "Every part of our state experienced 100 percent or 90 percent totality, allowing everyone to witness this incredible event."
The study, conducted by Rockport Analytics, highlights significant economic benefits generated from the eclipse, which took place on April 8.
Economic impact:
- The total economic impact of the eclipse is approximately $148.5 million.
- Taxes generated by visitors totaled $45 million during the eclipse period.
- Federal Taxes: $18.4 million
- State Taxes: $14.4 million
- Local Taxes: $12.2 million
Visitor numbers:
- Indiana welcomed over 3.5 million visitors to the state for the eclipse, representing a 45 percent boost to regular visitor volume and a 41.1 percent boost to regular visitor spending.
Local businesses, including hotels, restaurants, and retail stores, saw significant revenue increases:
- Lodging: $45 million
- Food & Beverage: $63.8 million
- Recreation & Entertainment: $65 million
- Transportation: $9.7 million
- Retail: $5.4 million
"Planning for the 2024 eclipse was truly a statewide effort with state and local governments, visitor bureaus and local businesses coordinating efforts to ensure a safe and exciting event for both visitors and Hoosiers." said Elaine Bedel, IDDC's Secretary and CEO.