Downtown
New report finds Virginia Capital Trail generated $8.9 million in local economic activity last year
The report concluded that the Capital Trail contributed approximately $8.9 million in economic activity during FY 2018-19. The Trail which has seen a 65% increase in trail usage in March and a 46% increase in April over last year, is a driving stimulus for local business, tourism, and economic activity, the report found.
The Virginia Capital Trail Foundation recently released an economic impact report by the University of Richmond in collaboration with the Institute for Service Research, the findings were significant.
The report concluded that the Capital Trail contributed approximately $8.9 million in economic activity during FY 2018-19. The Trail which has seen a 65% increase in trail usage in March and a 46% increase in April over last year, is a driving stimulus for local business, tourism, and economic activity, the report found.
The full economic impact report can be found here.
