OKANAGAN HOCKEY ECONOMIC IMPACT MORE THAN $19 MILLION
Contributed/Okanagan Hockey Group
Image Credit: Okanagan Hockey Group
November 15, 2016 - 2:28 PM
The Okanagan Hockey Group (OHG) is pleased to announce an economic impact of $19.91-million to the City of Penticton from September 2015 through August 2016.
As part of an ongoing commitment to being a good corporate citizen and an important player in the City of Penticton’s economic prosperity today and into the future, OHG has undergone a comprehensive Economic Impact Assessment of their 2015/2016 fiscal year, which resulted in an overall increase of 47% since the previous Economic Impact Assessment completed in 2010.
The report was completed by an independent third party, Lochaven Management Consultants Ltd., a company with 30 years of experience and a global reputation for excellence, and is internationally recognized, for its work in private sector development.
“We are very proud of this study and pleased to see the growth in our local economic impact here in Penticton,” said Andy Oakes, OHG President. “We are proud to be a growing business in Penticton that contributes to the community economically and socially.”
These contributions arise from a number of sources:
Okanagan Hockey Group Ltd. directly injects $3.95 million into the local economy.
Okanagan Hockey Academy activities contribute $7.7 million in direct spending in the City of Penticton.
As a result of Okanagan Hockey Camps offering eight weeks of programing the local economy benefited by an additional $4.8 million in direct spending.
OHG is a significant regional enterprise within the City of Penticton. Throughout a 53- year history of successful operation it has earned an enviable national and international reputation as a preeminent hockey development organization. Operationally, OHG has grown into a multidimensional, multi-unit organization with an emphasis on excellence.
Currently OHG has 160 student athletes attending Penticton Secondary School and KVR Middle School, an increase of 64% since 2010.
This Economic Impact Assessment illustrates the growth and impact of the Okanagan Hockey Group within the City of Penticton and the importance of long term development and sustainability of facilities in the community for all the user groups.
News from © InfoTel News Ltd, 2016