Tanglewood’s Economic Impact on the Berkshires

Berkshire County has several cultural venues, many of them known outside the region. But when it comes to their economic impact on the local economy, there’s Tanglewood and everybody else. The Boston Symphony Orchestra’s summer home since 1937 on the Lenox-Stockbridge town line has a total economic impact of $60.6 million on the Berkshire economy, according to a 2008 study by the Center for Community Development in North Adams, the last comprehensive study that has been done. More than half of that total figure, $37.2 million, results form direct economic impacts, while $11.5 million comes from indirect ones. The remaining $11.85 million comes from induced economic activity, which occurs when households in the Berkshires spend the increased income that results from those direct and indirect economic impacts. Read more about Tanglewood’s economic impact >>