Providence College Athletics, also known as Friar Athletics, has a significant economic impact on the state of Rhode Island. According to a recent study, the annual economic impact of Friar Athletics is estimated to be $100.3 million.
This impact comes from a variety of sources within the athletic department, including revenue from ticket sales, sponsorships, and merchandise sales. The study also took into account the spending of fans who attend sporting events, such as food and beverage purchases, as well as the impact of hosting events on campus.
In addition to the direct economic impact of Friar Athletics, the athletic department also plays a role in boosting the local economy through job creation and support for local businesses. The study found that the department directly supports over 1,000 jobs in Rhode Island, from coaches and staff members to vendors and suppliers.
Furthermore, the department’s presence in the community helps to bring visitors to the state, who may stay in local hotels, dine at local restaurants, and shop at local stores. This influx of visitors contributes to the overall economic vitality of Rhode Island.
Overall, Friar Athletics is not just a source of entertainment and pride for Providence College and its fans, but also a significant contributor to the economy of Rhode Island. With a yearly economic impact of $100.3 million, the athletic department plays a crucial role in supporting jobs, businesses, and the local economy.
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