Colorado golf associations to conduct economic impact study |

Colorado golf associations to conduct economic impact study

The Golf Associations of Colorado – which includes the Colorado Golf Association, the Rocky Mountain Golf Course Superintendents Association, the Colorado section of the PGA, the Colorado Women’s Golf Association and the Colorado chapter of the Club Managers Association – is sponsoring a complete economic impact study to measure the golf industry’s contributions to the state’s economy.

The study will take place this summer and fall and will be conducted by Colorado State University and THK Consulting. It will consist of five main components: 1) an overview of golf in the United States; 2) an overview of golf in Colorado; 3) the economic impact of golf in Colorado; 4) the impact of golf-related real estate development and 5) the impact of drought on the golf industry and economy.

The study will be the first comprehensive analysis that looks specifically at the impact of golf on Colorado’s economy and the first project undertaken collectively by the Golf Associations of Colorado.

The CSU research team will be led by Dr. Stephen P. Davies and Dawn D. Thilmany, both experts in agricultural economics. THK Consulting, formed in 1969, is a market research, landscape architectural, planning and design firm that specializes in market and economic planning.

“We felt that we will get better, more accurate and more complete results by using these two firms,” said Joe McCleary of the Golf Associations of Colorado. “We believe that working with both the academic and private sectors will lend tremendous credibility to our project since the strengths of the two firms lend themselves to different aspects of the study. By using both, we feel we will have the best economic impact study ever conducted on the golf industry by any state.”

– Summit Daily News staff report

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