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.