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Diverse and Vibrant Economy 39 <br /> 6.1 Economic Impact of Tourism <br /> Investments <br /> Establish a baseline of tourism resources invested in community partners producing cultural events <br /> by June 30, 2025, and evaluate the economic impact annually. <br /> In the first half of FY25-26, the Arts Commission and Visitors Bureau invested a total of$303,637 in <br /> community partners producing cultural events.The total economic impact of these events is <br /> estimated to be $2,046,969. <br /> Notes: Impact totals include events for which the County was one of many sponsors.Additional Arts <br /> Commission events will be added in the next report,when grant recipients submit fiscal year-end <br /> reports. <br /> Cultural Events Economic Investment vs. Impact <br /> 12,500,000 <br /> 10,000,000 $9,868,992 <br /> 7,500,000 <br /> Investment <br /> Economic Impact <br /> 5,000,000 <br /> 2,500,000 $2,046,969 <br /> $176,343 $303,637 M_ <br /> 0 <br /> FY 24-25 Jul-Dec FY25-26 <br /> 6.2 Small Business Investment Grant & 6.3 <br /> Agricultural Economic Development Grant <br /> 6.2 Establish a baseline and increase by 7 6.3 Establish a baseline and increase by 7 <br /> percentage point each year the percentage of percentage point each year the percentage of <br /> Small Business Investment Grant recipients that Agricultural Economic Development Grant <br /> are still in business one year after receiving a Program recipients farms that are still in <br /> grant. operation one year after receiving the grant. <br /> The first full cohort results will be available in The first full cohort results will be available in <br /> April 2026 for fall 2024 awardees. Preliminary April 2026 for fall 2024 awardees. Preliminary <br /> reporting indicates a 93% success rate. reporting indicates a 100% success rate. <br /> Strategic Plan Progress Report I Mid FY25-26 Page 38 <br />