economic spin-off

Frequency: 6.99.8 per million words

A secondary economic benefit that arises from a primary activity.

Categories:

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.