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Old Posted Nov 6, 2009, 5:17 PM
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AlexYVR AlexYVR is offline
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PWC: Olympics generated 20,000 jobs up to 2008

Quote:
Olympic preparations generated 20,000 jobs

Preparations for the 2010 Winter Olympics created more than 20,000 jobs in B.C., according to a new report examining the economic impact of the Games during the six-year period between 2003 and 2008.

The report — titled The Games Effect by Price Waterhouse Coopers — estimated 5,000 of those jobs were in construction, and concluded overall B.C.'s unemployment rate would have been 0.4 per cent higher were it not for the Games.

The authors also found work done up to the end of 2008 generated between $684 million and $884 million in real GDP, mostly in BC.

The report also found Vancouver's preparations compared favourably with preparations for the Winter Olympics in Turin in 2006, Salt Lake City in 2001, and Calgary in 1988.
Future impacts not examined

The report only covers the period between 2003 and 2008, and does not include figures for 2009 or attempt to estimate future impacts.
http://www.cbc.ca/canada/british-col...ts-report.html

Interesting, especially because it doesn't take into account 2009 - future. Anyone have thoughts?
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