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NYCEDC
By fostering economic growth and developing programs that help businesses and entire business sectors achieve success, we strengthen the City. Our work helps create jobs and positions New York City for future growth while improving the quality of life. We make the City stronger.
Blog Posts by NYCEDC:
Economic Impact of New York City's Cruise Industry
Last Updated | NYCEDC
NYCruise has done it again! Mayor Bloomberg announced that New York City’s cruise industry generated a total economic impact of nearly $200 million in 2012! The 2012 Economic Impact Study detailed some of the highlights for the Cruise Industry here in NYC including:
- A 32% increase in passengers, up from 445,718 in 2009 to 587,727 in 2012
- A 40% increase in ship calls at the Manhattan and Brooklyn Cruise Terminals, up from 181 in 2009 to 251 in 2012
New York City Breaks Tourism Record in 2012 with 52 Million Visitors
Last Updated | NYCEDC
Photo Credit: Sugar Daze via Flickr
New York City welcomed a record 52 million visitors in 2012, a new all-time high and a 2.1 percent increase over 2011. Visitors to the city generated an estimated $55.3 billion in economic impact to the city’s economy, with direct spending reaching $36.9 billion.
In addition, New York City sold a record 29 million hotel room nights and generated $504 million in hotel tax revenue. With increased visitation, New York City’s hotel room inventory continues to expand...
Read MoreConey Island by the Numbers
Last Updated | NYCEDC
Memorial Day Weekend marked the opening of Coney Island for the season with a number of improvements complete and many more on the way. And while Coney Island is certainly an entertainment destination for New Yorkers and City visitors alike, it's important to look at the economic impact.
The opening of the newest phase of the Scream Zone is a key piece of the area-wide revitalization laid out in the City’s 2009 rezoning plan:
Read MoreIn 2009, the City purchased three parcels of land, totaling 6.9 acres, within the amusement district,...