New York State stands to generate some $391 million in increased economic activity, revenue, and savings during the three years after marriage equality made law:
The Independent Democratic Conference today reaffirmed its support for marriage equality and released a report showing that New York State stands to generate some $391 million in increased economic activity, revenue, and savings during the three years after it is made law.
The IDC released their report, “For Love or Money?: The Economic Impact of Marriage Equality in New York,” while standing with advocates and constituents who are pushing to make marriage equality a reality in New York.
“Marriage is a right that should be afforded to all New Yorkers,” Senator David J. Valesky, (D-Oneida), said. “We should bring this legislation to the floor for a vote this session, and make marriage equality a reality.”
“The lack of marriage equality in New York means that this state lacks equal rights for all of its citizens,” said Senator Diane Savino, (D-Staten Island/ Brooklyn). “This report shows that bringing marriage equality to New York will not only be a victory for human rights, it will also have a positive economic impact on the Empire State.”
Using conservative estimates, the report estimated that 21,309 gay and lesbian couples from New York would get married within the first three years. It also estimates that 3,308 couples from surrounding states that do not have marriage equality would travel to New York to get married, as would 41,907 non-New York gay and lesbian couples who would travel to New York for a “destination wedding.”
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For the economic impact of marriage equality in Australia, click here