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Chicago & Midwest  + Downtown  + Hospitality  |  September 24, 2024
Jasmine Kilman
By: Jasmine Kilman

Chicago Marathon Created $547M Impact on Local Economy

The Bank of America Chicago Marathon in 2023 marked a record-breaking $547 million in contributoins to the city’s economy, according to an independent study.

In a new report by Jones & Associates Economics, the event saw a 42% increase from the $386 million impact in 2022. Since 2017, the Bank of America Chicago Marathon has had a cumulative economic impact of over $2.3 billion, with $177 million in economic activity tied directly to the 2023 race.

Last year’s marathon welcomed 48,472 participants, an increase of nearly 13% over 2022, of which 35% were international visitors. In 2023, the marathon directly contributed to 3,694 full-time jobs, as well as $182.98 million in wages and salary income.

“At over half a billion dollars of impact, the Bank of America Chicago Marathon proved to be one of the greatest drivers of economic activity in Chicagoland in 2023,” Rich Gamble, Interim president and CEO of Choose Chicago.

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Bank of AmericaChoose Chicago

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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