On November 16th, 2016, the Wharf Rat Rally held its first ever Open House Open Forum.
For those of you who couldn't make it, the presentation and Annual Report are linked below.
FOR IMMEDIATE RELEASE
Wharf Rat Rally Holds its First Open House
(Digby, November 17, 2016) - An open house and public forum for Wharf Rat Rally 2016 was held at the Digby Fire Hall on November 16th, 2016. Local sponsors, political leaders from the Town of Digby, The Municipality of Digby and the provincial Government, business owners and members of the public attended the open forum.
Founders of the Rally, Members of the original and present boards were identified and some were introduced to the audience during the forum. The presentation outlined the structure of Wharf Rat Rally Motorcycle Association, financial reports for 2016 and its economic impact on the community. An open forum discussion followed giving a chance to all participants to ask questions, and make comments and suggestions to improve the outcome of future rallies.
In 2011 an Economic Impact Study done by Events Nova Scotia revealed the economic activity in the Province as a result of the Wharf Rat Rally was $8.9 million, of which $5.7 million was in Digby. Every level of the community benefits from the Rally; businesses, employees, grocery stores, local contractors, trades people and our three levels of government who share $1.9 million in taxes; $873,000 federal, $829,000 provincial and $241,000 municipal of which $187,000 was in Digby. Everybody gains from the Rally in one way or another. Many businesses who are either closed or who experience low traffic during the Rally due to the nature of their business will see new money coming into their business from people who made money during the Rally afterwards. It is anticipated that funding for a new impact study is in the works for the Rally. Once completed, it will permit organizers to reassess core funding and marketing of the Rally.
The board revealed that yearly revenues range from $300,000 to over $500,000, and offered a break-down of how the money is raised. Expenses were also explained in some detail. For example, in 2016, the Rally paid over $13,000 on insurance, $15,600 for on-stage events, $4,200 in bank fees, $12,800 for security and $16,450 on portable toilets. The costs of operations, entertainment, community support, marketing and the volunteer program are non-recoverable costs amounting to 43 per cent of the total Rally expenses.
Despite the low participation from the business sector of the area, exchange of ideas, suggestions and constructive criticism relating to funding, registration, sponsorships, traffic flow, policing, and entertainment were discussed in great length among the participants and positive outcome will follow.
- 30 -