Virginia awarding nearly $800K in funding for tourism marketing efforts
Steve’s breakdown: States across the nation are still getting a great return-on-investment with every dollar spent on tourism. Check with your state to see theirs any movement. Then check the counties and cities next!
RICHMOND, VA: More than 40 local tourism initiatives across Virginia are sharing nearly $800,000 in tourism marketing grants from the state.
Gov. Bob McDonnell said Tuesday that the funds will be used to support marketing initiatives including advertising, website development, online marketing and brochures. The grants awarded by the Virginia Tourism Corporation are to be matched by funds from a minimum of three local organizations.
In total, more than 180 public and private partner organizations will work together as a result of the grant program.
McDonnell says tourism is an integral part of the Virginia economy. It provides nearly $18 billion in revenue, $1.24 billion in taxes, and employs more than 204,000 people.
Tourism officials say that every dollar the state invests in marketing provides $5 back in tax revenue alone.