Franchising, retail, business
16/02/2015
With a 900 million dollar economic impact, including 532 million in direct visitor spending, New York Fashion Weeks in 2014 were more lucrative than the Super Bowl, which last year was held in the Big Apple.
It's a shocking comparison made in a report published by US Representative Carolyn Maloney and the Joint Economic Committee. The document noted that the football championship, a huge advertising event featuring enormous expenditures, "only" generated 550 million dollars in 2014. The US Open generated 800 million.
About 180,000 people are employed in the fashion industry in New York. Fashion shows, showrooms and trade shows attract a total of nearly half a million visitors each year. No fewer than 900 companies in the sector are headquartered there, generating 2 billion dollars in taxes, while retail sales generate 15 billion dollars annually.
"Fashion isn't just glitz and glamor,' said New York City’s deputy mayor for housing and economic development, Alicia Glen. 'It’s a hometown industry that creates opportunity for thousands of working New Yorkers. We’re making investments to help makers in our fashion economy grow and bring their designs to market."
The report was released as the New York City Economic Development Corporation launches a new loan program for young designers. "The low risk, low interest loans generate additional economic benefits for the city,' said Carolyn Maloney.
Fonte:http://ae.fashionmag.com/news/New-York-Fashion-Week-more-profitable-than-Super-Bowl-and-US-Open-,464465.html#utm_source=newsletter&utm_medium=email