Q&A
Economic impact of marriage equality on New York City
0:12:15
·
80 sec
Michael McSweeney discusses the significant economic impact of marriage equality on New York City, referencing a 2013 analysis by NYC GO. He emphasizes how budget cuts affecting marriage license services could potentially reduce this positive economic impact.
- Analysis showed $70 million in direct revenue impact in the first year of marriage equality
- Additional $156 million in ancillary revenue for businesses such as hotels, restaurants, and transportation
- Highlights the broader economic implications of the City Clerk's office's services
Michael McSweeney
0:12:15
So that's you know you know, that would I mean, that that that really prevents us from from providing in the maximum amount of service that we have in terms of married you know, marriage licenses, marriage ceremonies, and and and happy couples.
0:12:31
And, you know, and one way in which that's a big issue I mean, I know this is, you know, kind of outdated, but in 2013, NYC GO did an analysis of the impact of marriage equality on New York City's economy.
0:12:49
So they looked at the number of people that have traveled traveled to New York in the first year that marriage equality happened, and they, you know, did an analysis of of, you know, the number of hotel rooms, the number of, you know, restaurants, museum visits.
0:13:05
You know, all the things that that that happened when people come to New York City, and they found that there was a $70,000,000 direct revenue impact on the city.
0:13:17
And then I think it was 156,000,000 in ANS cillary revenue.
0:13:23
The money that goes to everybody that, you know, to all the the ancillary businesses, the cabs, the the restaurants, you know, all the things that people in New York City do while they're visiting.
