8 6 LINKEDINCOMMENTMORE

GREENSBORO, N.C. -- The City of Greensboro made a huge announcement Thursday afternoon.

Greensboro was chosen from a field of 32 U.S. cities to host the National Folk Festival for a three-year stay in 2015, 2016, and 2017.

The National Folk Festival is the nation's longest-running traditional arts event and is a three-day free outdoor multicultural celebration of music, dance, and traditional arts.

According to information released a news conference, the festival has drawn as many as 150,000 people and has an economic impact of $15 to $30 million a year.

This will be the first time the National Folk Festival has been presented in North Carolina since it's founding in 1934.

Read or Share this story: http://www.wfmynews2.com/story/news/local/2014/05/01/greensboro-to-host-the-national-folk-festival-2015-2017/8576731/