The Return of the State Fair of Texas Brings a Texas-sized $400 million in Economic Impact

[TexasTowelie]

After a hiatus in 2020, the State Fair of Texas is aiming to be the largest event in America following the COVID-19 pandemic.


The State Fair of Texas is officially returning in 2021, bringing back the festivity and the economic impact it has on the community, vendors, subcontractors, and more.

In 2019, the State Fair of Texas cultivated a record year reporting revenues close to $65 million with a cumulative attendance of over 2.5 million. However, in 2020 the long-standing Texas tradition was canceled.

When the fair officially announced its cancellation last year, the immediate future became blurred and significant financial losses were imminent. From the end of 2019 to the end of 2020, total assets fell from $90.6 million to $70.5 million, total revenues dropped from $64.7 million to $4.4 million, and net cash plummeted from $9.9 million down to -$18.67 million.

“We knew we were in for a tough ride,” Mitchell Glieber, President of the State Fair of Texas, said. “When you have a nonprofit organization whose major fundraiser of the year is condensed to a 24-day period, and you’re not able to run that event, that’s a tough year.”

Read more: https://www.dmagazine.com/business-economy/2021/07/the-return-of-the-state-fair-of-texas-brings-a-texas-sized-400-million-in-economic-impact/

[SoCalDavidS]

1. Still 76 Days Away

Texas is not projected to reach 50% Fully Vaccinated for 79 days, 3 days after the Fair starts

The #'s are already starting to increase in FL. It's going to get interesting in TX real soon, methinks.

Stay Safe Texas DUer's.

[tanyev]

2. Yeehaw! Big Tex says, "Howdy, Covid!"

*sigh*