Maine Golf Economic Impact Study 2023 | Page 23

Annual revenue and employment numbers for these companies come from data axle – reference solutions ( formerly Reference USA ) 8 information and data accessible through local public libraries . The IMPLAN data and modeling software calculates economic impact based on the value added for manufacturing , i . e ., the company ’ s wholesale revenue minus the cost of production inputs .
TOTAL COMBINED GOLF-RELATED SUPPLIES IMPACT
Revenue Source
Total Off-Course Golf Retail ( on-course counted in operations )
Revenue ($ Millions )
$ 42.0
Manufacturing & Services $ 54.8
Total Golf Related Supplies $ 96.8
APPROACH
What is Measured
This segment captures the businessto-business spending related to the manufacture of these goods by Maine companies . In addition to the manufacture of golf-related consumer goods , this segment captures all goods and services in support of the manufacture and distribution of golf cars , golf course accessories , and turf maintenance equipment , as well as professional services provided to golf courses and other golf-related companies ( legal , accounting , architect , engineers , travel , etc .). Like golfers , golf facilities also make purchases of goods to facilitate the game and facility operations .
8 National Golf Foundation ( April 2024 ) - - Data axle reference solutions . “ Reference Solutions ( formerly ReferenceUSA ) U . S . Business Database / Advanced Search ”. February 2023 . ( 2022 / 2023 Data ) < http :// referencesolutions .
The Contributions of Golf to the State of Maine | 2023 Impact Report 23