Today, the Mayor's Office of Media and Entertainment and Office of Nightlife released an economic impact report of our city's nightlife industry.
The report analyzed restaurants, bars, arts and cultural institutions, music venues and sports and recreation facilities that are open from 6:00PM to 6:00AM.
The findings show that New York City's nightlife industry is critical to the city's nighttime economy and is responsible for:
- $697 million in local tax revenue
- Supporting 299,000 jobs
- $35.1 billion in total economic output
The NYC Hospitality Alliance knows that operating a hospitality business is getting harder and harder and we believe these staggering figures are yet another example of why our city and state government must support our industry, which is vital to New York's economic, social, and cultural well-being.
As you know, our organization's director Andrew Rigie, and counsel Rob Bookman, were appointed by the City Council to the independent 14 member Nightlife Advisory Board, which is in the process of developing policy recommendations for regulatory reforms, and addressing a myriad of nightlife related challenges and opportunities.
Rigie was elected chairperson of the Nightlife Advisory Board and issued the following quote in the city's press release:
"New York City's nightlife is an engine that's responsible for hundreds of thousands of jobs and tens of billions of dollars in economic activity. Nightlife makes our city culturally rich, and this report highlights the wealth of economic benefits generated by the industry. The information in this report will help inform the Nightlife Advisory Board's work as we seek to support the diversity of nightlife establishments, the people who own, work at, go out to, and live near them. We look forward to working towards this goal with the de Blasio administration, Office of Nightlife, City Council and all stakeholders."