News wire article from our research archive:

IOWA STATE UNIVERSITY STUDY FINDS IOWA CAUCUSES GENERATE $15.5 MILLION IN STATE ECONOMIC IMPACT

Iowa State University issued the following news release:

While the "first in the nation" Iowa Caucuses generate priceless national exposure for the state, a new Iowa State University report found that the major presidential candidates' economic impact to the state was $15.5 million in total sales in the six months preceding the caucuses. That's about one-hundredth of 1 percent of the state's $130 billion gross domestic product value in 2007.

That's considerably less than the $50 million to $100 million others have estimated in terms of economic impact to Iowa. But ISU economist Dave Swenson - author of "The Economic Impact of the Iowa Caucus: Gauging the Worth of its First-in-the-Nation ...

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