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At the summit, the governor unveiled a commitment of $50 million to promote statewide tourism, create jobs and attract more visitors to every region of New York. The investment, which is one of the largest ever by the state, builds upon the historic investments in the tourism industry that generated a $100.1 billion economic impact in 2014.
“Tourism is vital to New York’s economy – it creates jobs and opportunity in virtually every community across the state,” Cuomo said. “When people visit New York, they fall in love with all that our state has to offer and keep coming back. I am proud that our administration is continuing to play a leading role in supporting tourism across the state, and I look forward to seeing the industry and our economy thrive for years to come.”
Last year, New York’s tourism industry generated direct spending of $62.5 billion, producing $7.8 billion in state and local taxes. The number of visitors to New York increased by 8.2 million with nearly 227 million visitors in 2014. As New York’s fourth-largest employment sector, one out of every 12 jobs in New York is related to tourism. Data from 2014 show the tourism industry supported 867,900 jobs and generated more than $31 billion in wages.
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