Grand Valley State University students do the math on ArtPrize

A report by MiBiz says recent study commissioned by the Grand Rapids Downtown Development Authority calculates the economic impact of the 2009 ArtPrize competition in the multi-millions.

According to excerpts from the story:

Two groups of senior economics students at Grand Valley State University, under the guidance of economics professor Paul Isely, studied the economic impact of last year's ArtPrize on Kent County at the request of the Grand Rapids Downtown Development Authority. The students found that the estimated 150,000-200,000 visitors to Grand Rapids generated between $5 million and $7.6 million during the contest's inaugural run.

This year's ArtPrize competition runs Sept. 22-Oct. 10.

Read the complete story here.