College towns could be facing economic disaster this fall if Covid 19 shuts down their campuses.
It’s going to be even worse if some of these towns don’t have college football this fall. A typical football weekend at a Power 5 school can bring in 15 million or more in local economic activity. Multiply that by 7 home games, and you’re talking about these towns losing over 100 million dollars just from football season.
https://smartasset.com/checking-account/college-towns-most-vulnerable-during-covid19-2020
Though efforts to slow the spread of coronavirus across the U.S. have squeezed many local economies and the bank accounts of their residents, college towns are among the most vulnerable. They are confronting potentially major losses in population and revenue if students do not return to campus. Even in towns where schools have decided to allow students back in the fall, there may continue to be dampened demand for typical collegiate expenditures such as eating out and attending sports games.
In this study, SmartAsset uncovered places that are most dependent on the presence and spending habits of undergraduate populations. We compared 95 college towns with populations of 50,000 or more across six metrics. We looked at students as a percentage of the population, college staff as a percentage of workers, as well as four other metrics focused on local businesses’ reliance on college student and parent/guardian spending – concentration of restaurants & bars, entertainment establishments, bookstores and hotels. For details on our data sources and how we put all the information together to create our final rankings, check out the Data and Methodology section below.
<snip>
= new reply since forum marked as read
