May 23--This week's federal court ruling to legalize gay marriage in Pennsylvania could mean lots of green for state businesses. Green as in money. This, according to a study by the Williams Institute first reported by the Philadelphia Business Journal.
There are 22,336 same-sex couples in Pennsylvania, according to the 2010 U.S. Census. And of those couples, between 7,490 and 11,168 would choose to marry in the first three years following the legalization of same-sex couples in the state, according to the study. Check out the full report here.
This has the potential to bring in up to $92.1 million to the state and local economy of Pennsylvania, according to the report.
The study based the number of same-sex couples who might marry in Pennsylvania on the experience of other states that legalized gay marriage such as Massachusetts, where more than half of same-sex couples married during the first three-year period, the Business Journal reported.
Among the highlights: Gay marriage would generate between $65 million and $92 million through direct wedding spending and wedding-related tourism, creating between 812 and 1,142 full- and part-time jobs, the study said.
The average total spent per wedding would be around $6,486. And the overall spending boost would generate between $4.2 million and $5.8 million in sales tax revenue.
(c)2014 The Patriot-News (Harrisburg, Pa.)
Visit The Patriot-News (Harrisburg, Pa.) at www.pennlive.com
Distributed by MCT Information Services
Original headline: Gay marriage to be big moneymaker for Pa. with $92M impact, new report says
Most Popular Stories
- Islamic State Obliterating Cultural Landmarks in Mosul
- The 2014 Fastest-Growing 100
- 'Lucy's' Super Powers Tops 'Hercules' at Box Office
- Boehner Says Impeachment Talk Is Democrat Scam
- You're So Vain: Microsoft to Launch First 'Selfie Phone'
- VW Site Could Mean Another 2,000 Jobs for Chattanooga
- RV Sales See Highest Increase Post Great Recession
- U.S. Home Price Gains Slow for 6th Month in a Row
- Report: China to Declare Qualcomm a Monopoly
- Insecticides Permeate U.S. Food, Water Supply