Excellent opinion piece on CNN by Bob Witeck on the economic upside marriage equality will bring to New York state.
Witeck points to the fact that to attract the brightest and the best – which includes same-sex couples – you have to offer strong and equal benefits.
New York’s mayor, Michael Bloomberg, and city leaders must be cheering the economic shot in the arm as hotels, restaurants, caterers, florists and legions of vendors welcome the wedding and honeymoon brigades. Some estimate nearly $400 million in revenues for the state over the next three years.
These rewards are also the result of changing tides among American corporations and employers over recent decades. Gov. Andrew Cuomo’s same-sex marriage legislation was endorsed not only by major corporations like Xerox and Google but by scores of smaller business owners across the state.
78% of all LGBT adults said that they would prefer jobs in states that recognize marriage equality.
The Williams Institute, an LGBT-related think-tank at the University of California, estimates $155 million will roll into the Empire state economy in the first year of marriage equality alone.