Hangout Music Fest Amps Up The Alabama Economy To The Tune Of $45 Million

By Michael Tomberlin

Hangout Music Fest has a $45 million economic impact on Alabama’s Gulf Coast, a new report finds.

The annual music and cultural festival, which drew a high of 44,000 visitors in 2017, is responsible for supporting 581 jobs and generates $1.8 million in local and state taxes.

The study was conducted by Keivan Deravi, professor of economics at Auburn University at Montgomery. Since starting in 2010, the festival has had an estimated $290 million economic impact, the study found.“While the Hangout Music Fest has long been a premier, star-studded entertainment event that brings energy to Alabama’s Gulf Coast every summer, it has also become a powerful economic engine in its own right,” said Greg Canfield, secretary of the Alabama Department of Commerce. “Fans come from all over the world, and the ripple effects from their spending represent a significant contribution to the local economy.”

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