#United States #Chicago #Bank of America #Economic Impact #Chicago Marathon

Economic Boom from the Bank of America Chicago Marathon

The Bank of America Chicago Marathon, a pivotal event in the city's annual calendar, has reached remarkable heights with its 2024 edition contributing a staggering $683 million to the Chicago Metropolitan Area's economy. This groundbreaking figure was highlighted in a recent independent study by Jones Associates Economics, revealing a 22% increase in economic impact compared to the previous year.

Surge in Participation

The 2024 marathon showcased an impressive turnout with close to 53,000 participants. Notably, participation from outside of Illinois and the Midwest saw an incredible 130% rise from 2023, significantly enhancing the race's profile and economic footprint. This influx of runners and supporters has resulted in increased spending across various sectors, especially outlining the flourishing tourism industry, which alone marked over $177 million in economic activities due to the event.

Kristen Reynolds, President and CEO of Choose Chicago, remarked on the marathon's vital role in promoting tourism and showcasing the city: "Reaching nearly $700 million in impact, the Chicago Marathon is an indispensable event that not only elevates the economy but unites communities in a unique way."

Job Creation and Community Impact

The marathon's effects extend beyond the financial realm. In 2024, the event supported 4,589 full-time jobs, marking a 24% increase in employment opportunities compared to 2023. This resulted in approximately $229 million in wages contributing to the community, further emphasizing the event's significance for local residents.

Rita Cook, President of Bank of America Chicago, expressed gratitude for the collective efforts that make the marathon possible, stating: "Every year, we are inspired by the visitors and residents coming together to create a positive impact on Chicago." This collaborative environment was complemented by the impressive commitment of runners who raised a record-breaking $36 million for various charitable causes.

A Celebration of Community and Competition

The marathon is not just about economic impact; it embodies the spirit of Chicago. Carey Pinkowski, the Executive Race Director, shared his excitement for the community engagement during the event: "From elite athletes setting records to a vibrant group of spectators, the Chicago Marathon continues to challenge the boundaries of endurance competition while fostering a deep community connection."

This iconic race takes participants through 29 diverse neighborhoods, offering a remarkable tour of the city’s architectural and cultural richness, attracting spectators from all walks of life. With each edition, the event strengthens its reputation and solidifies Chicago’s status as a premier destination for international marathons.

Looking Ahead

The 47th edition of the Bank of America Chicago Marathon is set to kick off on October 12, 2025, at Grant Park. This event is anticipated to welcome runners and spectators from over 100 countries and all 50 states. Preceding the race, the Abbott Health & Fitness Expo will take place at the McCormick Place Convention Center from October 9 to 11. Overall, the marathon not only serves as a hallmark of athleticism but continues to create lasting economic benefits, community spirit, and charitable efforts, creating a legacy for years to come. Remember, for those interested in participating or learning more, visit chicagomarathon.com for more details.