Racing reaps profits in Newport

By Michael Souza
PBN Staff Writer

Among the positives during a busy summer in Newport, a corporate-outing windfall was realized as the City by the Sea played host to several major sailing events, including the America’s Cup World Series, tall ships and the 2012 Newport Bermuda Race. More

To continue reading this article, please do one of the following.



FOCUS: CORPORATE OUTINGS

Racing reaps profits in Newport

COURTESY 12 METER CHARTERS
STAYING AFLOAT: The yacht Columbia is used on a corporate outing hosted by 12-Meter Charters of Newport. Crew member Abe Rosenberg is pictured above at left.
COURTESY 12 METER CHARTERS
SMOOTH SAILING: 12 Meter Charters in Newport features two vessels that can be used for corporate team-building exercises, including the 1958 America’s Cup winner Columbia, pictured above.
Photo
1
2

By Michael Souza
PBN Staff Writer

Posted 9/24/12

Among the positives during a busy summer in Newport, a corporate-outing windfall was realized as the City by the Sea played host to several major sailing events, including the America’s Cup World Series, tall ships and the 2012 Newport Bermuda Race.

Whether companies specialized in team-building exercises or simply provided a means for all to enjoy the festivities, many, including charter-boat services, reaped the benefits from the successful spending combination of tourists, nationally known corporations and world-class sailing events.

The R.I. Economic Development Corporation has hired Planning Decisions of Portland, Maine, a 30-year-old research and planning firm to conduct an economic study on the racing world series and the other marine events in Rhode Island, with the purpose of understanding the sources of revenue. The company will also create a system for the state to evaluate the economic impact of future marine events. The report is expected to be delivered by the end of the year.

The Cup races took place June 23-July 1 and the EDC estimated the event could bring in more than $70 million into the state’s economy. Part of the state’s efforts to make the happening even more attractive was the addition of an “exploration zone” in Newport that gave visitors a first-hand look at Narragansett Bay. The zone included sailing, sea creatures and the history and heritage of boat building and America’s Cup racing. The tall ships followed July 6, and both events were preceded by the Newport to Bermuda race on June 15.

“It has been a banner year in Newport, we had a great summer. Obviously all the sailing events drove volumes of people to Newport,” said Kerri Quinn Jaffe, chief marketing officer for Newport Harbor Corporation, where she oversees sales management and marketing strategy for several facilities, including the Castle Hill Inn. “Also, a variety of corporations attended some high-profile events over the summer,” she said. Corporate outings are held at the Castle Hill Inn, 40 acres of property overlooking the southern Narragansett Bay. “We certainly had our share of corporations coming to Newport to experience the lawn and our views,” she said.

Next Page
Calendar
PBN Hosted
Events

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement