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One Year of Gay Marriage Made $259 Million for NYC Economy

Posted by on Jul 25, 2012 in U.S. | 1 comment

Here’s the economy-stimulating, job-creating, bona fide Republican reason to make marriage equality the law in all 50 states right here.

New York City reaped $259 million of economic benefits from same-sex marriages in the first year of the law allowing the practice, Mayor Michael Bloomberg and Council Speaker Christine Quinn said.

At least 8,200 gay-marriage licenses were issued, accounting for more than 10 percent of the 75,000 wedding licenses issued in New York City in the past year, Bloomberg and Quinn said in a statement today, citing a survey conducted by NYC & Co., the city’s marketing and tourism office, and the city clerk’s office.

New York became the sixth and most recent state to legalize gay marriage a year ago after Governor Andrew Cuomo, a Democrat, signed the measure into law. More than 200,000 guests have since traveled from outside of the city to attend same-sex wedding receptions, and more than 235,000 hotel room nights were booked at an average daily room rate of $275, according to the mayor’s statement.

Two hundred and forty dollars worth of pudding?! Two hundred and fifty-nine million dollars. For just one city! In just one year! I’m no economist, but I’m going to go out on a limb here and argue that multiplying that financial impact by a factor of, oh I don’t knoooow, every single city in the United States would easily rack up numbers in the billions.

Let’s make it happen, y’all! Isn’t this what you conservative, run-the-county-like-a-business, job-creating Republicans are all about? Is this not the single most impactful boon to happen to our economy this millennium?

Get with it!

(via Bloomberg)