There is no greater need in Sonoma County than CEPEC. Henry Trione, November 15, 2012
California Equestrian Park & Event Center

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2012 Benefit Gala

Spring 2012 Newsletter

Winter 2012 Newsletter

Economic Impact

Horse sports are growing across the United States, as are the number of first class competitive venues (see U.S. Horse Industry Statistics). Many states and regions understand the significant economic impact equestrian centers can have on their communities. More than half of the states in the U.S. already have horse parks or large equestrian centers.

Kentucky Horse Park
Annual tax revenue:
$251 million
Palm Beach
International Equestrian Center
Annual revenue:
$50-80 million
Carolina Horse Park
Annual estimated revenue:
$13 million

A study published in 2014 by the Department of Economics at Sonoma State University (Economic Impact of the Equine Industry on Sonoma County) demonstrates the significant impact of horse industry to the Sonoma County economy (see chart).

CEPEC will significantly expand the economic impact of the horse industry in Sonoma County by providing an estimated annual revenue stream of $250 million when fully operational. (Economic Impact of CEPEC on Sonoma County)
 

Sporting events have a large, positive economic impact on a community. A horse show or equine event attracts non-residents who spend money on lodging, food, retail goods, entertainment, site seeing, and other recreational activities. Show participants spend money on entry fees, hotels, food, apparel, and goods and services (including, stabling, feed and bedding, tack and supplies, farrier and veterinary services). These expenditures will provide revenue for CEPEC and Sonoma County's businesses.

Revenue Sources
       
Lodging Food Apparel Entertainment Site seeing
         
Stabling Feed & bedding Tack & Supplies Farrier services Veterinary services

Internationally, horses are big business:
  • In Australia, the equine industry contributes approximately twice as much to the GDP as other sports in Australia combined. The horse industry contribution to Australian GDP is over $6.3 billion.
  • In 2010, China initiated development of a 823 acre Horse City in Tianjin. Its plans include the training of 8,000 equestrian professionals, breeding 1,000 stallions, manufacturer of horse feeds, horse auctions, international and domestic horse races, promoting and imparting equine culture and knowledge to youths, providing tourism services, and protecting equine well being and interests. It will include an equestrian college, equine hospital, quarantine center, luxury hotels, clubhouse, commercial offices, and residential facilities. It is estimated that the project will pay hundreds of millions of taxes and profits to the State within five years, provide employment for 10,000, and develop a horse industry economy that will establish a production franchise standard across China. Tianjin Horse City has filed its application to the Chinese Equestrian Association for the establishment of a national equestrian sports and horsing racing training base.
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