Crescent City Farmers Market contributes $11.66 million to local economy
We are pleased to share human, social and financial impact findings conducted using our signature measurement tools
According to the report, the Crescent City Farmers Market operates thrice weekly with a combined economic impact of $11.66 million upon its vendors, host neighborhoods, and surrounding region.
The Crescent City Farmers Market's three locations attract 140,903 visits from shoppers over a year. This results in gross combined receipts of $6.66 million. SEED also reports that 32 percent of Market shoppers spend money at nearby businesses resulting in $5 million in projected gross receipts and an annual contribution of $236,014 to local sales tax revenue.
USDA invests in farmers markets as institutions with a triple bottom-line of impacts upon communities – financial, human, and social — via several programs. These investments appear to be bearing fruit: USDA reports that as of 2012 there are 7,864 farmers markets operating in the USA — as compared to 1,775 in 1994.
Working with philanthropic support, we are developing a menu of evaluation tools to measure the impacts for a growing field of markets.We have piloted these tools in varied settings: From Brazil to Los Angeles, from Cleveland to Seattle, WA. The reported impacts of the New Orleans Crescent City Farmers Markets can be downloaded below:
FEED (2012) for the Crescent City Farmers Market to measure its individual human capital impacts
NEED (2012) for the Crescent City Farmers Market to measure its social capital impacts
SEED (2012) for the Crescent City Farmers Market to measure its financial capital impacts