The Economic Impact of the High Point Market

The Economic Impact of the High Point Market
Year:
Listing Type: Research Reports

Bill Lester | Lukas Brun

Duke was engaged by the High Point Market Authority (HPMA) to conduct an economic and fiscal impact of the High Point Market in High Point, NC. The Market, conducted bi-annually, is the largest home furnishings market in the world and attracts over 75,000 visitors each session who descend on High Point and its environs to buy, sell and market a wide variety of furniture, accessories, and design services. Beyond attracting a large number of visitors from outside the state, the Market serves a critical function for the broader furnishings industry and is a key node in the overall furniture industry’s value chain. It is widely known by local stakeholders that a large portion of the sales contacts and transactions for local manufacturing companies are initiated and negotiated at the Market. News Articles HPMA’s board of directors awarded a contract to study the trade show’s economic impact and measure it against domestic and international furniture shows, the Winston-Salem Journal reports. http://myfox8.com/2013/04/24/duke-to-study-economic-impact-of-furniture-market/ BedTimes article from October 11, 2013 and Duke Chronicle article October 29, 2013 linked below. - How North Carolina’s bathroom law sparked a business backlash: April 28, 2016: PBS Newshour on the impact of HB2 on the furniture market in North Carolina. -Casual Living, October 2, 2013: High Point Market contributes $5.4 billion in economic impact to the overall regional economy, more than 37,000 jobs and $198 million in NC local and state taxes and fees.

Industry: Furniture
Topics:
View Report View Executive Summary View BedTimes Article View Duke Chronicle Article

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