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Mayor Bloomberg Announces Same-Sex Marriage Generated $259 Million in Economic Impact Last Year

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Streamed live on Jul 24, 2012

Mayor Bloomberg Joins Speaker Quinn to Announce Same-Sex Marriage has Generated $259 Million in Economic Impact in the Last Year

More Than 8,200 Same-Sex Marriage Licenses Issued in First Year of Same-Sex Marriage

Mayor Michael R. Bloomberg, City Council Speaker Christine C. Quinn, NYC & Company CEO George Fertitta and New York City Clerk Michael McSweeney today announced that one year after the enactment of the Marriage Equality Act, same sex-marriages in New York City have generated an estimated $259 million in economic impact and $16 million in City revenues. At least 8,200 same-sex marriage licenses were issued in the first year, accounting for more than 10 percent of the 75,000 marriage licenses issued in New York City since July 24 last year. The economic impact survey was conducted by NYC & Company and the City Clerk's Office and found same-sex marriages generated significant additional revenue for New York City's tourism industry with more than half of same-sex couples holding wedding celebrations in venues across the five boroughs. More than 200,000 guests traveled from outside of the City to same-sex marriage events and more than 235,000 hotel room nights were booked at an average daily room rate of $275. The announcement was made at the Manhattan Marriage Bureau, where the Mayor and Speaker also were joined by Assembly Member Daniel O'Donnell, City Council Member Jimmy Van Bramer, Marc Solomon, National Campaign Director for Freedom to Marry, and Nic Faitos, Senior Partner of Starbright Floral Design, a small business that has seen a rise in revenue the last year.

Marriage Bureau, Worth Street, Lower Manhattan - Tuesday, July 24th, 2012

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