STEAM 2.0 REPORTS

What is STEAM 2.0?

STEAM 2.0 is a tool produced by the Canadian Sport Tourism Alliance (CSTA) designed to develop economic impact projections of sports events throughout Canada. Economic impact projections quantify the impact that special events have on the larger economy through a variety of measures such as GDP, Jobs, Wages & salaries, Taxes and Industry Output. Used judiciously, these indicators can be used to garner support from public and private sector partners, provide a framework for comparing the relative size of impacts of events, or for communicating to the general public the importance of sports events to the community as a whole.

Gross Domestic Product (GDP):

This figure represents the total value of production of goods and services in the economy resulting from the initial expenditure under analysis (valued at basic prices). GDP is the net measure of changes in economic activity and is the most representative figure of the economic activity that took place in the larger economy as a result of hosting the event or festival under analysis.