Page 6 - BDR Economic Impact Study 2023

THE ROAD TO STRONGER COMMUNITIES While inspiring adventure riders and stoking their passion for the sport, BDR continues to have a measurable economic effect on small rural communities. Through the creation of each new BDR route, the organization brings increased commerce to hotels, campgrounds, restaurants, gas stations, grocery stores and more, assisting areas struggling from lost mining or forestry industry revenue. BDR’s efforts generate millions of dollars in spending from out-of-state visitors to these communities. In 2022, the total economic impact from all routes was $60 million. TOTAL BDR ECONOMIC IMPACT BY ROUTE $10,434,022 $8.8M $1.6M $6,960,796 $5M $1.9M $6,643,462 $4.9M $1.7M $5,522,099 $4.6M $878K $5,303,821 $5,193,551 $2.2M $3.1M $2M $3M $4,859,316 $3,637,028 $4M $773K $1.7M $1.9M $3,637,028 $1.7M $1.9M $2,907,684 $386K $267K $318K MILLIONS $0 $0.5 $1 $1.5 $2 $2.5 $3 $3.5 $4 $4.5 $5 $5.5 $6 $6.5 $7 $7.5 $8 $8.5 $9 $9.5 $10 $10.5 $2,412,863 $1,676,061 $1.6M $2.5M $835K Output from In-state Riders Output from Out-of-state Riders *Projected Impact $1.4M $1,632,007 Tourism related visitor spending has been proven to create jobs, tax revenues, and a multitude of other positive economic outcomes, which has made it a viable economic development strategy for many geographies, and particularly rural areas (Khalaf, Michaud, & Jolley, 2022). $1.3M 6