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Showing posts with the label Kokomo economy

Championship Park Kokomo | Strong Economic Driver

 ​ Championship Park has significantly impacted Kokomo's economy since its opening in 2021. ​ 🏟️ Economic Impact of Championship Park According to a 2024 economic impact study by the Greater Kokomo Visitors Bureau, visitors to Kokomo and Howard County contributed $252 million to the local economy in 2023, with direct expenditures accounting for $181 million. This represents a 17.3% increase from 2019. The opening of Championship Park in 2021 played a pivotal role in this surge, attracting numerous youth sports tournaments and boosting tourism-related spending on lodging, dining, and retail.   🏢 Ownership and Development Championship Park is a collaborative project between the City of Kokomo and Henke Development Group, the developer behind Grand Park Sports Campus in Westfield . The city invested approximately $11.4 million to construct eight multi-purpose fields, while Henke Development is overseeing an estimated $86 million mixed-use development adjacent to the ...

Kokomo Indiana in the News | Howard County on the Move

  The latest economic impact study reveals that Kokomo’s tourism industry is thriving, driving significant growth and benefiting the entire Howard County community. Visitor travel and spending have risen substantially, positioning the tourism sector as a key contributor to local economic prosperity. Commissioned by the Greater Kokomo Visitors Bureau and completed in August 2024, Certec Inc. conducted a study on the Economic Impact of the Kokomo/Howard County Tourism and Travel Industry, examining data from 2023 and comparing to the last study period of 2019. The study found that visitors to Kokomo and Howard County contributed $252 million to Howard County’s economy in 2023. Of that, direct expenditures by visitors accounted for $181 million. That’s a 17.3% percent increase from the 2019 study period, when direct visitor spending totaled $107 million. The spending came from over 1.7 million destination and pass-through travelers in Howard County in 2023, the study reports. In 2019...