Economic Impact

 

Small School,  Significant Impact

 

CVA is fortunate to enjoy strong and longstanding partnerships with Sugarloaf Mountain and the town of Carrabassett Valley. We collaborate to find creative ways to maximize scarce resources, such as the creation of the jointly funded Carrabassett Valley AntiGravity Complex where CVA students, locals and visitors stay fit and healthy.  Both entities realize and appreciate CVA as a vital economic driver for Franklin country and the Western mountain region, and CVA consistently strives to be a valued partner. Students and staff often do community service at the mountain and in local schools.  Coaches work alongside Sugarloaf groomers (literally, in the snowcats) to create terrain and features for CVA athletes. Here are a few metrics that demonstrate CVA’s importance to and place within the regional economy:

 

  • 2015 CVA Operating budget  - $3,800,000
  • 50.5 FTE employees create a $1,952,000 payroll; much of this payroll goes back into the Franklin County economy as our employees spend a significant amount of time living in the Valley.
  • 22 CVA staff and 21 Weekend Program coaches own/rent local houses or condos, supporting local craftsmen, businesses, and restaurants in Franklin County.
  • 18 staff live on campus at CVA and consider it their primary yearlong residence, so they shop, dine, recreate and support Franklin County.
  • 18 CVA Board and Committee members have at least a seasonal residence in Franklin County so they are active members of the community.
  • 40 CVA parents own/rent local houses so they shop, dine, recreate and support local businesses in Franklin County.
  • 6-8 new properties are sold/rented each year to CVA parents and Weekend Program parents, providing a consistent and important boost to the local real estate market.
  • 6 CVA Alumni currently work at CVA; it is important to retain young, talented, active people and their families in our great state.
  • 110 students are currently enrolled in CVA (includes our “Bridge” program); while at CVA, these student spend significant money on equipment, tuning, dining as well as for their Sugarloaf season pass and Anti-Gravity Complex membership.  Generally 60% of our students are from Maine and 40-45% of our students receive financial aid.
  • 165 young athletes participate in the CVA Weekend Program; almost all of these families own/rent houses in Franklin County and spend every winter weekend in the Valley so they shop, dine and recreate here, adding a tremendous boost to the winter economy.  
  • CVA is among the 50 largest employers in Franklin County
  • CVA is the second largest employer in Carrabassett Valley
  • CVA’s total estimated economic impact is approximately $3-4 million per year
  • CVA’s $18 million New Campus Campaign includes the construction of three major buildings: a dorm, an academic center and a multi-use building, all of which utilize primarily local contractors and suppliers, pumping jobs and dollars into the Franklin County economic landscape.


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3197 Carrabassett Drive
Carrabassett Valley, ME 04947

207.237.2250

Fax: 207.237.2213
Email: info@gocva.com