A new economic analysis conducted by the firm Angelou Economics has found that the three-day Governor’s Ball Music Festival held at Randall’s Island generated $49 million in economic benefits for New York City, a 29% climb from the previous summer’s festival. In addition, Governor’s Ball created more than 350 jobs and $23 million in wages, largely benefiting the surrounding communities of East Harlem and the South Bronx.
Governor’s Ball co-founder Tom Russell of Founders Entertainment notes in a press release, “Our goal five years ago was to bring a world class music festival to our hometown and Governors Ball has far exceeded our expectations. The loyalty and enthusiasm of our fans, the quality of the acts we have drawn and the strong community partnerships we have built have turned Governors Ball into one of the most exciting festivals in the world. Each year we’ve grown bigger and stronger and we look forward to delivering an even better experience for our fans and our neighbors next June.”
To read the complete economic analysis done by Angelou Economics, visit the link here. Tickets for Governor’s Ball are on sale now and can be found here.