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Economic boom expected from same-sex marriages

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New York's legalization of same-sex marriage projected to result in over $300 million a year increase in state revenue and economic activity.


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Story from PRI's The Takeaway. For more, listen to the audio above.

Now that New York has become the sixth state to legalize same-sex marriage, thousands of gay and lesbian couples will have the chance to say their "I Dos" in the Empire State. And with that announcement, wedding planners around the city are predicting a big boom in business.

Nicky Reinhard has been planning weddings for over 10 years. She's ecstactic about the potential economic windfall for the wedding industry, especially in these tough economic times.

And, whether it's an extravagant or modest affair, Reinhard says at the end of the day, all couples want the same things: "They want their friends and family to be there, they want it to be a fair representation of who they are as a couple, they want it to be romantic ... most importantly it's for people to witness the commitment that you're giving each other, but then it's just a fantastic party."

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"The Takeaway" is a national morning news program, delivering the news and analysis you need to catch up, start your day, and prepare for what's ahead. The show is a co-production of WNYC and PRI, in editorial collaboration with the BBC, The New York Times Radio, and WGBH.

 

Found in:   The Takeaway   business & economy   economy   John Hockenberry   Celeste Headlee   gay rights   GLBT issues
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