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SunTrust Richmond Marathon
Economic Impact Pegged at $8.4 Million
By Scott Schricker September 27, 2006 Richmond, VA For the Washington Running Report
November 12, 2005 event drew 33,436 participants and spectators
The 2005 SunTrust Richmond Marathon, featuring the largest
participant field and most spectators in its 28-year history,
pumped over $8.4 million into the Richmond economy, a new study
reports.The study was conducted by InZone Research, a sports marketing
research group working through Virginia Commonwealth University
SportsCenter. The study involved interviewing more than 600
attendees at the event on their travel and spending habits
during the weekend of November 10-13, 2005. Economic modeling software was used in computing the economic
impact for the Richmond Marathon. The software administered by
InZone captures how much new money is being generated into the
Richmond Metropolitan Statistical Area. InZone has also used
this model in computing economic impacts for various
organizations such as the Richmond International Raceway, the
Colonial Athletic Association and the Richmond Strikers, Jenn
Sprouse, Director of InZone The event, which had record fields for the marathon itself
(4,763 registered), and its companion race, the NTELOS 8K
(4,698), drew 33,436 participants and spectators. A total of
5,099 of the participants came from outside the Richmond
Metropolitan Statistical Area (MSA). Of the 25,077 spectators
estimated, a total of 15,297 traveled to Richmond from outside
the MSA for the event. "The strong national branding of the SunTrust Richmond Marathon
as 'America's Friendliest Marathon' has resulted in an event
that is especially successful in drawing first-time
marathoners," said race director Tracey Russell. "First-time
marathoners not only spend a lot of money themselves, but they
also tend to bring many friends and family members to town with
them to cheer them on."
The 2006 SunTrust Richmond Marathon will take place on Saturday,
November 11, 2006. Registration is available at www.richmondmarathon.com. The registration fee for
the marathon is currently $75 while the NTELOS 8K is $25 and the
Richmond Times-Dispatch Kids Run costs $15. The fee for all
three events will increase on October 1.
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