Small Business Saturday Cash Mob total dollars spent rounded to the nearest dollar: $4,250.00
*”Ripple-effect” from those dollars being spent locally on Small Business Saturday: $7,012.50!!
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The Jehovah’s Witnesses have since 2005 spent several quiet weekends each summer at conventions in the Sovereign Center, without any of the fanfare given the concert idols and hockey giants normally associated with a sports/entertainment complex.
As a result, they are responsible for half the downtown civic center’s $254 million economic impact over its first decade.
That’s the surprise coming out of a study released last week by Dr. Lolita A. Paff, associate professor of business and economics at Penn State Berks.
The 225,000 Jehovah’s Witnesses who spent three days each at the conventions also spent nearly $111 million on gasoline, hotels (1,200 rooms a night), shopping and meals outside the arena from 2005 through 2011, Paff’s report said.