Gay marriage generates $259 million in economic activity, says Mayor Bloomberg – NYPOST.com

That ringing isn’t just the sound of wedding bells since gay marriage became legal in New York — it’s also the sound of cash registers.

In the first year since gay marriage was passed into law in New York state, same-sex weddings have generated a $259 million economic bonanza for the city, Mayor Bloomberg said yesterday.

“Marriage equality has made our city more open, inclusive and free,” said the mayor outside the city’s Marriage Bureau.

“And it has done that while also creating jobs and supporting our economy. In other words, it’s a win for everybody.”

The City Clerk said 7,184 of the 75,000 couples issued marriage licenses between July 25, 2011, and July 16, 2012, identified themselves as same-sex; 58,136 registered as opposite-sex; and 9,809 did not specify.

Using data from a survey of the newlyweds, officials estimated that the actual number of same-sex couples was closer to 8,200.

NYC & Co., which commissioned the survey, said same-sex couples spent an average of $9,039 on each wedding and generated $259 million in economic activity as well as $16 million in tax revenues.
Read more: http://www.nypost.com/p/news/local/gay_matri_money_qQhKpnterCytpuTT15t30L#ixzz21vNFjtRD

via Gay marriage generates $259 million in economic activity, says Mayor Bloomberg – NYPOST.com.

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