$255 Million Economic Impact to Florida with Gay Marriage
We decided after the Williams Institute, an independent think tank at UCLA’s School of Law conducted an economic impact to Texas concerning gay marriage, we would apply the same therotricals to gay marriage in Florida.
The Williams Institute based the results on the number of same sex couples according to the 2010 census. If we use the 65,000 same sex couples in Florida according to the census of 2010 we can say that half of those couples in the first year would marry (32,000 couples), a statistic derived from gay marriage trends in Massachusetts and other states that have legalized gay marriage.
With the first year marriages being an estimated 25,000 and and additional 7,000 over the following two years the first year economic impact to Florida's economy would be $78,000 per wedding, a number derived from the average cost per wedding according to the Williams Institute research for Texas. With 25,000 in the first year the impact would be $195 million and a total of $255 million during the first three years of legalized gay marriage in Florida.
References:
http://www.lgbtqnation.com/2014/07/report-marriage-equality-would-add-181-million-new-jobs-to-texas-economy/
http://miamiherald.typepad.com/gaysouthflorida/2011/08/us-census-show-number-of-florida-same-sex-households-on-the-rise.html
No comments:
Post a Comment