By Bonney Bowman

5:45 AM February 24, 2014 Email @KTVA

Businesses near the festival say they see between 2,000 and 3,000 people come through their doors each day during the festival.

ANCHORAGE - The 79th annual Fur Rondy is in full swing in Downtown Anchorage, attracting thousands of visitors from around the state and the world.

All of those people bring a big boost to the local economy.

Local business owners located near the heart of the Rondy action can see their business grow by 1,000 percent during the 10-day event. In the past, Rondy had been in decline, but board member Lori Brewer said about six years ago, organizers started working to bring the festival back.

They added events like the Running of the Reindeer and Rondy’s popularity jumped.

Now businesses near the festival say they see between 2,000 and 3,000 people come through their doors each day during the festival.

All those visitors spend money, bringing a boost to their bottom lines.

“It’s fabulous for our tourism industry because we have people checking into our hotels, eating at our restaurants and visiting all of our shops and so it has a huge economic impact,” Brewer said.

Organizers said having Rondy run for 10 days — including two weekends — is another way the festival provides a boost to the economy.

Many visitors will stay for the whole event, rather than if it just ran one weekend.