Broadway’s Impact on the NYC Economy
Every year, statistics are measured to indicate the economic impact that Broadway has brought to the City of New York and this year’s figures are in. In 2011, Broadway sold roughly $1,139,000,000 (yes, that is over one BILLION dollars) worth of tickets, with 12.33 million people seeing shows. According to a report by the Broadway League, which measures such things, the 2010-2011 season (the most recent season for which the data have been analyzed, which were just released this week), there’s some even better news. The New York theater industry has contributed $11.2 Billion to the New York City economy in terms of employment of New York theater professionals, taxes paid, costs to mount productions in NYC, tourist revenues related to coming to Broadway, and other ancillary purchases.