The tourism industry has been notoriously difficult to track due to its diverse nature and how seasonality affects things like jobs, workforce, and housing. For many communities throughout the nation that rely on the tourism industry, it is vital that strategies are in place to help mitigate negative economic impacts caused by events that may be out of a community’s control such as the COVID-19 pandemic. As such, the U.S. Economic Development Administration’s (EDA) Travel, Tourism, and Outdoor Recreation program invested $750 million in American Rescue Plan funding to support these communities rebuild the travel and tourism sector by creating a more equitable, competitive, and resilient industry. The EDA’s funding is expected to generate $1.1 billion in private investment and create or save over 10,000 jobs.
The EDA recognizes that tourism is a significant economic driver for Grand County and implementing strategies that aid in the revitalization and protection of this industry—such as extending tourism throughout the year—will create stable, year-round jobs and business opportunities and help stabilize the County should future disasters and/or pandemics arise.