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Malaysian Reserve
a day ago
- Business
- Malaysian Reserve
Chicago Economy Infused with Record $683 Million Impact from 2024 Bank of America Chicago Marathon
Independent Study Shows Marathon's Impact Increased 22%; Surge in Tourism and Job Creation CHICAGO, June 12, 2025 /PRNewswire/ — The 2024 Bank of America Chicago Marathon contributed a record-breaking $683 million (PDF) to the Chicago Metropolitan Area economy, according to an independent study conducted by Jones & Associates Economics. The race continues to grow year-over-year and drives economic success for the city, with a 22% increase in total economic impact over 2023. The increased national and global prominence of the race boosted economic impact, as nearly 53,000 participants toed the start line on race day. Out of state participation to race and cheer on runners more than doubled in 2024, with a 130% increase in participants and visitors from the United States outside of Illinois and the Midwest since 2023. More visitors in town led to greater spending on accommodations, food, retail and transportation. The tourism industry saw more than $177 million in economic activity as a direct result of the 2024 race. 'Reaching nearly $700 million in impact in 2024, the Bank of America Chicago Marathon is one of Chicago's most vital events to bolster tourism and showcase our great city to the world,' said Kristen Reynolds, President and CEO of Choose Chicago. 'The marathon brings together the Chicago community in a powerful and unique way, combining incredible economic impact with an unmatched energy that reaches all neighborhoods along the race route. We look forward to the opportunity to continue to support this great race each fall.' In 2024, the race supported 4,589 full-time jobs, a 24% increase over the employment impact of the 2023 marathon. These jobs created $229 million in wages and salary income, further highlighting the significance of the race for the people of Chicagoland. 'Each year, we are amazed by all the visitors and residents who pour into our community to generate impact for Chicago,' said Rita Cook, President, Bank of America Chicago. 'On behalf of BofA, we'd like to thank the dedicated runners who raised a record-breaking $36 million to support worldwide charities close to their hearts, the selfless volunteers who managed the event, the millions of spectators who cheered along the race route, and the countless residents, businesses and organizations who created a welcoming and cordial environment for all to enjoy.' 'From elite runners setting world records to a global community of enthusiastic spectators in one of our country's most vibrant cities, the Bank of America Chicago Marathon continues to raise the bar in endurance competition,' said Carey Pinkowski, Executive Race Director, Bank of America Chicago Marathon. 'While the economic benefits of race weekend are immense, the true essence of the marathon lies in the enduring community and competitive atmosphere it creates. We are grateful for the tireless dedication of countless teammates who brought last year's race to life, and we are eager to witness athletes push themselves to new limits this year.' Global partnerships and events, including the Chicago and Boston Marathons, provide opportunities for Bank of America to connect with endurance athletes and millions of sports fans, raise meaningful funds, and bring significant economic benefits to the communities in which we live, work and support. This economic success is felt across the country, as the iconic races in Chicago and Boston totaled nearly $1.2 billion in combined economic impact in 2024. The 47th Bank of America Chicago Marathon kicks off Sunday, October 12, at Grant Park. For more information about race details and how to get involved, please visit Bank of America Chicago MarathonIn its 47th year on Sunday, October 12, 2025, the Bank of America Chicago Marathon will welcome thousands of participants from more than 100 countries and all 50 states, including a world-class professional athlete field, top regional and Masters runners, race veterans, debut marathoners and charity participants. The race's iconic course takes participants through 29 vibrant neighborhoods on an architectural and cultural tour of Chicago. Annually, more than a million spectators line the streets cheering on tens of thousands of participants from the start line to the final stretch down Columbus Drive. As a result of the race's national and international draw, the Chicago Marathon assists in raising millions of dollars for a variety of charitable causes while generating over $683 million in annual economic impact to its host city. The 2025 Bank of America Chicago Marathon, a member of the Abbott World Marathon Majors, will start and finish in Grant Park beginning at 7:30 a.m. on Sunday, October 12. In advance of the race, a three-day Abbott Health & Fitness Expo will be held at McCormick Place Convention Center on Thursday, October 9, Friday, October 10, and Saturday, October 11. For more information about the event and how to get involved, go to Bank of AmericaBank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC). For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts. Reporters May Contact: Diane Wagner, Bank of AmericaPhone:
Irish Times
25-04-2025
- Business
- Irish Times
Dublin Marathon contributes €63m to local economy, report finds
The Irish Life Dublin Marathon contributed $71 million (€63 million) to the local economy last year, according to a new report. This placed it 19th among the top 50 marathons globally in terms of economic contribution, according to research by Brand Finance and Tata Consultancy Services , which sponsors a number of top marathons and endurance events around the world. The research found that in 2024, the top 50 marathons contributed $5.2 billion to the local economies of the host cities. The Bank of America Chicago Marathon topped the ranking with a contribution of $627 million. The London Marathon, which is being run this weekend, was fourth last year with a contribution of $425 million. READ MORE 'The Dublin Marathon (12th) scored particularly highly in a number of engagement metrics, such as donated to a charity associated with the marathon, bought merchandise in association with the marathon, and volunteered at the marathon,' the report noted, adding that the top 50 races raised $425 million between them for charitable causes. [ Colin Farrell among participants as 22,000 run in Dublin Marathon Opens in new window ] Some 18,100 runners competed in the Dublin Marathon last year, in spite of 22,500 having paid a fee to enter the race. The men's race was won by Moses Kemei from Kenya while Asmirach Nega from Ethiopia was first home in the women's elite race.
Yahoo
28-01-2025
- Business
- Yahoo
Record $36 Million Raised for Charity at the 2024 Bank of America Chicago Marathon
Runners Can Secure an Entry into the Sold-Out 2025 Event by Running and Fundraising for Charity CHICAGO, Jan. 28, 2025 /PRNewswire/ -- The Bank of America Chicago Marathon announced today that 2024 participants raised $36 million for local, national and global nonprofits, the highest fundraising total in event history. Since 2002, participants have raised more than $358 million through the event's official Charity Program. This feat is accomplished by participants who sign on to support an affiliated cause and commit to fundraising as a part of their marathon journey. Individuals hoping to take part in this year's sold-out event can still secure their place by committing to run and fundraise on behalf of an official charity team. "We're excited by the growth of the Charity Program and the commitment thousands of runners make each year to run and raise funds for nonprofits both in Chicago and around the world," said Executive Race Director Carey Pinkowski. "The funds raised by each runner allows the impact of the race to reach far beyond the finish line. We're excited to continue to grow this tradition and support the incredible work being done by so many organizations." The Bank of America Chicago Marathon Charity Program launched in 2002 with 14 charities and 1,674 runners; since then, the program has grown to 217 charities with more than 17,000 runners expected to run for charity in 2025. Running for charity gives participants a unique opportunity to make the miles on their marathon journey more meaningful. One runner took that mission to heart through their participation in the 2024 Bank of America Chicago Marathon. Carl Allegretti, President of Arbor Investments (a Chicago based private equity firm founded in 1999 by CEO Gregory J. Purcell) and longtime Chicago Marathon participant had an idea to make his 70th marathon special. In addition to recruiting his colleagues to run the marathon alongside him, Allegretti engaged several of Arbor's portfolio companies to join the race and fundraising efforts. Brands such as Lantana Hummus, Mountain House and Vital Essentials became event partners and plugged in to support Allegretti and the event Charity Program. Allegretti not only started and finished his 70th marathon, but he also became the event's top fundraiser raising a record $277,491, shattering the previous record by over $100,000. The dollars Allegretti raised went towards supporting three critical charities: Greater Chicago Food Depository, PAWS Chicago and Lurie Children's Hospital. "In 1986, I started running to get into shape after my college football career and I ran my first Chicago Marathon that year," said Allegretti. "The reason behind my marathons changed in 2007 when my oldest son was diagnosed with cancer and cured by Lurie's Children's Hospital. After that, I made the commitment to run for Lurie's and cancer research to give back. Since then, I have run eight marathons for charity (four for Chicago and four for Boston) and I'm proud to close out my marathon career with my Arbor colleagues and Carey Pinkowski by raising funds for organizations that are meaningful to me and that are making a positive impact in our city." Individuals inspired by Allegretti and the thousands of other participants who have run for charity can still secure an entry into this year's Bank of America Chicago Marathon through the official Charity Program. Those who register to run with an official charity at this time are required to raise a minimum of $2,100. For a list of official charities and information on how to register by joining a charity team, go to For the latest event updates, registered participants and community members are encouraged to visit the Event FAQ which is available at About the Bank of America Chicago MarathonIn its 47th year on Sunday, October 12, 2025, the Bank of America Chicago Marathon will welcome thousands of participants from more than 100 countries and all 50 states, including a world-class professional athlete field, top regional and Masters runners, race veterans, debut marathoners and charity participants. The race's iconic course takes participants through 29 vibrant neighborhoods on an architectural and cultural tour of Chicago. Annually, more than a million spectators line the streets cheering on tens of thousands of participants from the start line to the final stretch down Columbus Drive. As a result of the race's national and international draw, the Chicago Marathon assists in raising millions of dollars for a variety of charitable causes while generating over $547 million in annual economic impact to its host city. The 2025 Bank of America Chicago Marathon, a member of the Abbott World Marathon Majors, will start and finish in Grant Park beginning at 7:30 a.m. on Sunday, October 12. In advance of the race, a three-day Abbott Health & Fitness Expo will be held at McCormick Place Convention Center on Thursday, October 9, Friday, October 10, and Saturday, October 11. For more information about the event and how to get involved, go to For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts. Reporters may contact: Alex Sawyer, Bank of America Chicago MarathonPhone: 1.312.992.6618 Diane Wagner, Bank of AmericaPhone: View original content to download multimedia: SOURCE Bank of America Corporation
