Nov 19, 2012

Wedding Trade Expects Boost From Gay-Marriage Laws

To nobody's surprise, ABC News has this here article about the business boost expected from gay marriage being legalized in the states of Maine, Maryland and Washington. Here's some of it:

Nearly 18,000 same-sex couples in those states will exchange vows in the first three years after the new laws are in effect, estimated The Williams Institute, a national think tank at the UCLA School of Law, and the laws should generate at least $166 million in wedding spending in the three states over the next three years from in-state couples alone, boosting tax revenues and creating new jobs.
Wedding-related spending for in-state couples is projected be about $16 million in Maine, $63 million in Maryland and $89 million in Washington.

The numbers go up when figuring in out-of-staters who travel to those states to be wed. In Maine, for instance, the new law could boost the state economy by $25 million and create up to 250 new jobs in the coming three years, said Lee Badgett, research director at the Williams Institute and an economics professor at the University of Massachusetts.

Make sure to read the whole article. This is another blow in the face of hate groups whose rhetoric often includes how harmful gay marriage is for small businesses.

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