{"id":1725,"date":"2023-07-31T09:59:58","date_gmt":"2023-07-31T09:59:58","guid":{"rendered":"http:\/\/174.141.233.253\/~villageofschaumb\/?page_id=1725"},"modified":"2023-07-31T11:28:21","modified_gmt":"2023-07-31T11:28:21","slug":"convention-center-economic-impact","status":"publish","type":"page","link":"http:\/\/174.141.233.253\/~villageofschaumb\/government\/community-profile\/convention-center-economic-impact\/","title":{"rendered":"Convention Center Economic Impact"},"content":{"rendered":"<h2 class=\"title-one\">Convention Center Economic Impact<\/h2>\n<p><img decoding=\"async\" src=\"http:\/\/174.141.233.253\/~villageofschaumb\/wp-content\/uploads\/2023\/07\/NoPath-Copy-337@2x.png\"><\/p>\n<p><a href=\"http:\/\/www.schaumburgconventioncenter.com\/\" target=\"_blank\" rel=\"noopener\">The Schaumburg Convention Center<\/a> and Hotel\u2019s purpose is to attract visitors to Schaumburg to support and enhance the local economy. These visitors who might not otherwise come to Schaumburg play an important role as consumers of goods and services sold by local businesses. <strong>The Convention Center and Hotel contributes approximately $43 million annually to the local economy<\/strong>.<\/p>\n<p>It is for this reason the village purchased a previously under productive tract of land, agreed to levy small consumption taxes, and built the convention center and hotel. The facility generates far more economic activity than is collected from these taxes.<\/p>\n<p>It is for this reason the village purchased a previously under productive tract of land, agreed to levy small consumption taxes, and built the convention center and hotel. The facility generates far more economic activity than is collected from these taxes.<\/p>\n<ul class=\"list-green mb-3\">\n<li>Amusement Tax (5%)<\/li>\n<li>Hotel Tax (2%)<\/li>\n<li>Food and Beverage Tax (0.45%)<\/li>\n<\/ul>\n<p><strong>In 2019, the Convention Center hosted an all-time high 97 events with an estimated 350,000 attendees<\/strong>. These visitors to Schaumburg spend their money in retail centers, restaurants, and entertainment venues. Of the $6.9 million in taxes collected, $2 million was collected directly from users of the convention center and hotel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Convention Center Economic Impact The Schaumburg Convention Center and Hotel\u2019s purpose is to attract visitors to Schaumburg to support and enhance the local economy. These visitors who might not otherwise come to Schaumburg play an important role as consumers of goods and services sold by local businesses. The Convention Center and Hotel contributes approximately $43&hellip; <a class=\"more-link\" href=\"http:\/\/174.141.233.253\/~villageofschaumb\/government\/community-profile\/convention-center-economic-impact\/\">Continue reading <span class=\"screen-reader-text\">Convention Center Economic Impact<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":57,"parent":1483,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"government_sidebar.php","meta":{"footnotes":""},"class_list":["post-1725","page","type-page","status-publish","has-post-thumbnail","hentry","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Convention Center Economic Impact - Schaumburg, IL<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/174.141.233.253\/~villageofschaumb\/government\/community-profile\/convention-center-economic-impact\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Convention Center Economic Impact - Schaumburg, IL\" \/>\n<meta property=\"og:description\" content=\"Convention Center Economic Impact The Schaumburg Convention Center and Hotel\u2019s purpose is to attract visitors to Schaumburg to support and enhance the local economy. These visitors who might not otherwise come to Schaumburg play an important role as consumers of goods and services sold by local businesses. 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These visitors who might not otherwise come to Schaumburg play an important role as consumers of goods and services sold by local businesses. The Convention Center and Hotel contributes approximately $43&hellip; Continue reading Convention Center Economic Impact","og_url":"http:\/\/174.141.233.253\/~villageofschaumb\/government\/community-profile\/convention-center-economic-impact\/","og_site_name":"Schaumburg, IL","article_modified_time":"2023-07-31T11:28:21+00:00","og_image":[{"width":2560,"height":281,"url":"http:\/\/174.141.233.253\/~villageofschaumb\/wp-content\/uploads\/2023\/07\/img6-scaled.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"http:\/\/174.141.233.253\/~villageofschaumb\/government\/community-profile\/convention-center-economic-impact\/","url":"http:\/\/174.141.233.253\/~villageofschaumb\/government\/community-profile\/convention-center-economic-impact\/","name":"Convention Center Economic Impact - Schaumburg, IL","isPartOf":{"@id":"http:\/\/174.141.233.253\/~villageofschaumb\/#website"},"datePublished":"2023-07-31T09:59:58+00:00","dateModified":"2023-07-31T11:28:21+00:00","breadcrumb":{"@id":"http:\/\/174.141.233.253\/~villageofschaumb\/government\/community-profile\/convention-center-economic-impact\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/174.141.233.253\/~villageofschaumb\/government\/community-profile\/convention-center-economic-impact\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/174.141.233.253\/~villageofschaumb\/government\/community-profile\/convention-center-economic-impact\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/174.141.233.253\/~villageofschaumb\/"},{"@type":"ListItem","position":2,"name":"Government","item":"http:\/\/174.141.233.253\/~villageofschaumb\/government\/"},{"@type":"ListItem","position":3,"name":"Community Profile","item":"http:\/\/174.141.233.253\/~villageofschaumb\/government\/community-profile\/"},{"@type":"ListItem","position":4,"name":"Convention Center Economic Impact"}]},{"@type":"WebSite","@id":"http:\/\/174.141.233.253\/~villageofschaumb\/#website","url":"http:\/\/174.141.233.253\/~villageofschaumb\/","name":"Schaumburg, IL","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/174.141.233.253\/~villageofschaumb\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"http:\/\/174.141.233.253\/~villageofschaumb\/wp-json\/wp\/v2\/pages\/1725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/174.141.233.253\/~villageofschaumb\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/174.141.233.253\/~villageofschaumb\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/174.141.233.253\/~villageofschaumb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/174.141.233.253\/~villageofschaumb\/wp-json\/wp\/v2\/comments?post=1725"}],"version-history":[{"count":2,"href":"http:\/\/174.141.233.253\/~villageofschaumb\/wp-json\/wp\/v2\/pages\/1725\/revisions"}],"predecessor-version":[{"id":1728,"href":"http:\/\/174.141.233.253\/~villageofschaumb\/wp-json\/wp\/v2\/pages\/1725\/revisions\/1728"}],"up":[{"embeddable":true,"href":"http:\/\/174.141.233.253\/~villageofschaumb\/wp-json\/wp\/v2\/pages\/1483"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/174.141.233.253\/~villageofschaumb\/wp-json\/wp\/v2\/media\/57"}],"wp:attachment":[{"href":"http:\/\/174.141.233.253\/~villageofschaumb\/wp-json\/wp\/v2\/media?parent=1725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}