Volume 3 Issue 3 June 2005 Applied Research Note 1

Fiscal Year 2004 Tourism Capital

by Thomas E. Van Hyning

TCI data collection for Mississippi’s Fiscal Year (FY) 2004 Tourism Economic Impact Report are presented within the context of an initial effort to secure estimated new construction and expansion/renovation of Tourism-related business projects with public and private sources for the 12-month period ending June 30, 2004. The estimated $440.8 million in FY 2004 TCI included $213 million in new or expanded state-licensed casino development from hotels, restaurants, equipment, etc. Other investments covered the gamut from airports to zoos. Tourism factors were assigned to businesses/projects along the lines of factors used for estimated sales; e.g., museums, restaurants, retail establishments, among others.

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