CALIFORNIA BUSINESS MINUTE
Econ. Impact of HP Pavilion
03-13-09
Hi, I am Tim Johnson and welcome to the California Business Minute.
The 15th anniversary of the HP Pavilion in San Jose marks the release of an "Economic &
Fiscal Impact Analysis" study, commissioned by the City of San Jose, which examines
the economic impact of HP Pavilion.
Prepared by Berkeley-based SportsEconomics, an economic, financial, and marketing research
firm, the report reveals that the facility has generated considerable economic impacts for San
Jose, including substantial tax revenues and job creation.
Since opening in September 1993, the HP Pavilion has welcomed more than 20 million visitors
to experience and enjoy more than 2,600 sports and entertainment events. Over this period, it
has provided a total of $1.7 billion in cumulative economic impact.
The facility has also provided San Jose annually with direct fiscal impacts of $5.4 million and with
an ongoing economic impact of $254 million and the creation of approximately 5,000 full-time
equivalent jobs.
According to the "Economic & Fiscal Impact Analysis," the level of activity has resulted in an
annual fiscal impact of $2.4 million for a Sharks season and $3 million for high-end entertainment
acts.
"Approximately $92 million per year is spent outside of HP Pavilion on businesses located in San
Jose by visitors coming to the City specifically to watch, or participate in, events at the facility.
I am Tim Johnson and this has been the California Business Minute.
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