economic spin-off
Frequency: 6.99.8 per million words
A secondary economic benefit that arises from a primary activity.
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Examples (10)
- The new factory is expected to generate significant economic spin-offs for the region.
- Hosting the international conference created a substantial economic spin-off for local businesses.
- Investments in renewable energy often lead to positive economic spin-offs in terms of job creation.
- The development of new technologies can have unforeseen economic spin-offs for many sectors.
- Urban regeneration projects aim to provide long-term economic spin-offs for deprived areas.
- The tourism industry is a major source of economic spin-offs for many coastal towns.
- Universities are crucial for fostering innovation and subsequent economic spin-offs.
- The government hopes that the infrastructure spending will result in considerable economic spin-offs.
- A successful cultural festival can produce impressive economic spin-offs for the host city.
- Companies often look for ways to capitalize on the economic spin-offs from major sporting events.