Economic Impact of NAIA Departure
City leaders estimate that the National Association Of Intercollegiate Athletics Tournament brings in about $1.4 Million Dollars annually in tax revenue – a benefit that will likely disappear as the tournament finds a new host city. But not all news is bad, leaders say. Jackson Mayor Jerry Gist suggests the City’s budget will actually gain about $185,000.00 the next budget year, because expenses that they city allocates for the tournament will not be included. Those expenses include employee overtime, sponsorship money, and materials, Gist says. Meanwhile leaders say they are looking to bid on other NAIA events and NCAA Baseball tournaments to possibly come to the city. Event leadership says small businesses within Jackson, such as motels and restaurants will likely see the most direct impact from the tournament loss.