Economic Impact Study reveals that Paris 2024 could generate €10.7bn in economic benefits and create 250,000 jobs

By Robert Fawdon, Paris, France: 1 June 2016: A study conducted by the Centre for Law and Economics of Sport (CDES) at the University of Limoges has estimated that the Paris 2024 Olympic and Paralympic Games could generate €10.7 billion in economic benefits and create more than 250,000 jobs in the Ile-de-France region.

Following the publication of the report, Paris 2024, along with the French National Olympic and Paralympic Committees, the Ile-de-France region and the City of Paris, have also committed to developing a White Paper to set out legacy goals associated with the Games and to draw up a plan to maximize societal benefits of Paris 2024 for the whole nation.

Working Groups made up of individuals from the state, the sports movement, the financial industry and civil society will be put together to drive the production of the White Paper.

The Paris 2024 Bid Committee will also set up dedicated polls to measure public opinion on the legacy impact of the Games. The polls will be centred on factors such as sporting and non-sporting infrastructure, the quality of life for local people, the redevelopment of certain areas of Paris and other wider societal benefits.

Paris 2024 Co-Chairman, Bernard Lapasset, said:

“As we continue to develop our bid for the Paris 2024 Olympic and Paralympic Games, the results of this study are very encouraging. Beyond the wonderful festival of sport that the Games would bring, there is a real opportunity for the whole of France to benefit from an economic point of view but also in terms of a lasting social legacy for all of our citizens.”

Paris 2024 CEO, Etienne Thobois, said:

“We welcome today’s report on the economic impact of Paris 2024 which shows the huge benefits that hosting the Games can bring for Paris and France. The Olympic and Paralympic Games are a unique opportunity to place sport even more firmly at the heart of our society and to utilise the values of Olympism to contribute to the education of young people.”

President of the French NOC, Denis Masseglia, said:

“The Olympic and Paralympic Games can be a great accelerator for development and sport would be a major benefactor in this process, both in terms of infrastructure, facilities and improving quality of life. Our ambition is to harness this unique opportunity to encourage our population to ‘think sport and live sport’.”

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