"The festival created nearly 2,000 jobs and netted nearly $4 million in state tax revenues. For the year ending February 2009, Sundance generated media attention valued at more than $8 million."
Indie Memphis is no Sundance, but garnering just a fraction of that economic impact isn't a bad thing. There are so many jobs that exist in Memphis, and many cities for that matter, that are thanks to the dollars generated from visitors and locals alike enjoying events such as music and film festivals.
That brings me to my next thought. Memphis long has been regarded as a festival town, largely centered on Memphis in May. Many people, including myself, were not impressed when the lineup for the Memphis in May Beale Street Music Festival was announced Thursday. Bonnaroo it is not.
But the attendance numbers usually don't argue with the festival's success. Even in down years, it usually draws 80,000 or so attendees over the three days. I haven't decided if the acts I do enjoy who have been announced for the festival are worth purchasing a ticket to see. But I know many Memphians and visitors enjoy those bands. And I'm very happy we have events such as Beale Street Music Fest to enjoy.