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What’s In It for the SMEs?
So how does this benefit the average small to medium business owner? I have to guess that it’s not much; and that is why the Singapore government which footed up to 60 per cent of the cost to bring F1 to Singapore has to do some internal analysis before just greenlighting anything beyond the current 5-year contract.
F1 is supposed to bring tourism dollars and local spending up to boost the local economy. And just because a few companies have a good pay day during F1 does not justify the expenditure (remember Youth Olympic Games).
- http://theonlinecitizen.com/2011/09/why-continuing-f1-in-singapore-is-not-a-clear-cut-case/
So how does this benefit the average small to medium business owner? I have to guess that it’s not much; and that is why the Singapore government which footed up to 60 per cent of the cost to bring F1 to Singapore has to do some internal analysis before just greenlighting anything beyond the current 5-year contract.
F1 is supposed to bring tourism dollars and local spending up to boost the local economy. And just because a few companies have a good pay day during F1 does not justify the expenditure (remember Youth Olympic Games).
- http://theonlinecitizen.com/2011/09/why-continuing-f1-in-singapore-is-not-a-clear-cut-case/
