Hockey Tournaments - A Great Economic Impact

McDonald’s Hockey Tournament

An Economic Development Impact for the Community of Hearst and Area (dollars)

The following is an economic development impact analysis for the Hearst McDonald's hockey tournament held this past weekend. A total of 24 teams participated at the event with an average of 15 players each team. It is estimated that a total of 33 persons were associated with each team.

An expenditure of $114,480 associated with "McDonald's hockey tournament” will generate income, employment and tax benefits in Community of Hearst and area. This expenditure will sustain a total sales volume of $156,219, a total income of $69,708 and total wages and salaries of $48,179. Wages and salaries will account for 69.1% of GPI (Gross Provincial Income) impact.
For every dollar of expenditure a total of $1.36 will be generated in gross sales by "McDonald's hockey tournament " in Community of Hearst and area, this is generally known as the sales multiplier. Also, for every dollar of expenditure a total of $0.61 income will be sustained by "McDonald's hockey tournament” in Community of Hearst, Mattice-Val Coté, Constance Lake, Hornepayne. The latter is commonly known as the income multiplier.


A total of $48,179 of labour income will be generated in Community of Hearst, Mattice-Val Coté, Constance Lake, Hornepayne. This supports a direct effective wage per employee of $29,767 and total effective wage of $32,119. "McDonald's hockey tournament” sustains lower wages than those paid off-site, and "McDonald's hockey tournament” appears to generate above average wages in Community of Hearst, Mattice-Val Coté, Constance Lake, Hornepayne.
Wages & Salaries(dollars)

"McDonald's hockey tournament” is credited with sustaining a total of 1.50 years of permanent full-time job equivalents. This translates into a total of 13.10 jobs per one million dollar of expenditure. For every direct job in the economy at large, an additional 0.36 jobs are sustained.
Employment(person years)

Imports will be required to sustain "McDonald's hockey tournament ". $6,331 will come from other provinces and $14,154 will come from other countries.

Taxes will accrue to all levels of government as income is generated and sales are made to sustain the new demand. A total of $30,512 will be collected; of which the federal governments' share is $16,734, whereas the provincial government's share is $12,881, and the local governments' is $897. On a per dollar of expenditure basis, 27 cents are collected in taxes, 15 cents go to the federal government, 11 cents to the provincial government, and 1 cents to the local government.