Wednesday, August 13, 2014

Study Finds that Gay Marriage for Tennessee Would Generate $36.7 Million for State

Posted By on Wed, Aug 13, 2014 at 4:35 PM


The Williams Institute has released a study that estimates $36.7 million in spending could be added to the state's economy if Tennessee would extend marriage to same-sex couples.

Here's how they reached that number:
There are 10,898 same-sex couples living in Tennessee, according to the 2010 U.S. Census. The study estimates that about 50 percent of those couples would choose to marry here in the first three years after marriage was made legal. That's based on a pattern that has been established in states, such as Minnesota, that do have same-sex marriage.

They estimate that about 3,500 of those marriages would occur in the first year alone, resulting in $23.5 million in revenue for the state.

That dollar figure includes spending on wedding arrangements and tourism by guests of same-sex couples. The study also found that between 111 and 332 jobs would be created in the state's tourism and recreation sector if same-sex marriage were made legal.

Estimates do not take into account the impact of same-sex couples from other states who will travel to Tennessee to marry.

The full study can be viewed here.

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