About Me

Gay Marriage $2.6 Billion Gain

By Charlotte Robinson, December 15, 2014
A new interactive resource exploring the amount of money state economies have to gain by allowing gay & lesbian couples to marry has been released by The Williams Institute in partnership with Credit Suisse. Based on a series of state-level studies authored by Williams Distinguished Scholar, M.V. Lee Badgett & other Williams Institute scholars the resource estimates that the nationwide economic boost from marriage of gay & lesbian couples could be up to $2.6 billion in just the first three years. Badgett stated, “Gay & lesbian couples & their out-of-town guests spend money to celebrate weddings. As we have seen in states that already extend marriage to gay & lesbian couples, this spending boost can lead to an influx of tourism dollars that benefit local businesses & an increase in state & local tax revenue.” The report also addresses states in the South & Midwest that do not recognize marriage equality. These states are missing out on an economic benefit of $733 million. The report also shows that 29 percent, $750 million nationwide remains unlocked by states that have not yet extended marriage to gay & lesbian couples. Pamela Thomas-Graham, Credit Suisse’s Chief Marketing & Talent Officer & head of the firm’s New Markets business concluded, “This new interactive resource communicates what the Credit Suisse LGBT Equality Index & Portfolio communicates, which is that being pro-LGBT is good for business & that data proves it.”
View Report…
LISTEN: Marilyn Rosen & My Fabulous Gay Wedding
LISTEN: Gay Activist Zeke Stokes Talks New Fashion Tie Line
Hear Audio Interviews w/ LGBT Leaders @OUTTAKE VOICES™


No comments:

Featured Post

Hollywood Improv Gay Comedy Event

After Super Tuesday enjoy some comic relief from the clash of the political titans as the Hollywood Improv presents the next installment o...

Popular Posts