How much does Broadway impact the New York City economy?

Boom.

That sound you heard was the massive amount of monetary impact Broadway has on the New York City economy.

The latest financial ramification report was released last week by the Broadway League, and the numbers are good.  Broadway as a biz was responsible for adding $11.9 billion dollars to the city’s kitty.  And that’s right, I said 11.9 b-b-billion dollars . . . along with 87,000 jobs and $500 million in taxes.

The overall impact number is up 2% from last year and a whopping 11% from 2008 (the year of the great recession), and 97% of the money generated by the pro theater bill is “new money.”

What does all this mean?

It means we’re important.

Super important.

Not just because we help create theater history by launching plays and musicals that will subsequently be produced around the world, thanks to their Broadway pedigree, and making audiences think all sorts of different things as a result.  Nope, we’re also super important because, well, because we make money.

And when things make money, like a good employee, or a great stock, they deserve attention and respect from the people they earn money for.

So yeah, NYC government, I’m talking to you.  All city politicians, from the bottom of the bottom to the tippity tippity top should be seeing theater, talking about theater, and helping to ensure that we’re around for a very, very long time.  And that means making sure that the artists, technicians, and yeah, the Producers, are a happy, happy bunch.  Sure we love what we do, and we all want to do it for a long time.  But it’s getting a little tougher with each passing year, and I’m afraid we’re going to lose some great folks to other entertainment industries if we don’t offer economic encouragement for them to stay.

Congratulations to the city and all of the businesses surrounding Broadway.  You’re eating well.  Now please do what you can do to return the favor.  Because we want to eat well too for a long, long time to come.

(Got a comment? I love ‘em, so comment below! Email Subscribers, click here then scroll down to say what’s on your mind!)
– – – –
Do you dream of being able to write, produce or direct full-time? Join my community of theater professionals on TheProducersPerspectivePRO who are all working to achieve their goals, plus get instant access to 30+ hours of training, monthly newsletters and networking opportunities, and so much more! Join TheProducersPerspectivePRO today!

Tags:
Comments
  • Ashley says:

    Amen Brother!

  • Keni says:

    Write on!
    (would prefer a less harsh image though, never crazy about a-bombs; rather an explosion of dollar bills, balloons, confetti…celebration!)

  • George says:

    Yes… but it’s quite a bit more complex than that (and that is why NY City/State politicians will continue to turn a deaf ear to these pleas until…)

    The simple fact is that the ONLY thing that is keeping NYC going is Wall Street and Tourism…

    The Federal Government prints the money (doesn’t even have to even “print” it anymore… today’s $$$ are just digitized) and they “launder it” thru Wall Street – in EVERY sense of that word – and the Financial Institution only buy it because they can turn around and sell it – back – the the Federal Government… which accumulates it as Debt that everyone owns (even though we don’t really know that… yet…) It’s called QE-2ing

    Without that – the disposable income to the city would dry to a trickle… and most everything else produced in NYC (not just theatre) is completely dependent of that Wall Street money trickling down to “entertainments” – that – in turn – bring in the Tourists… and stave off the Union Catastrophe as there are now more people – retired – living off the Tax Payers than actually working… so that it too is a massive ponzi scheme waiting to pop.

    And the politicians ain’t dumb… they know that that is the engine the keeps the whole Titanic moving forward… so THAT is where they are going to keep concentrating their efforts (essentially to line their own pockets in order to get outta Dodge before the Sheriff of Reality sweeps into town.)

    That’s why Broadway has got to keep its powder dry… YES keep producing quality work… but it would not be a bad idea to start hoarding some of that cash right about now… now that the times are – unbelievable (and unsustainably) GREAT!

    Because there will ALWAYS be Live Theatre in NYC… but it’s going to be the theatre companies with capital that are gonna be producing… while all the other hand-to-mouth outfits… and govt subsidized orgs and unions will be swept away… which will be a – good – thing because the cost of doing business will drop affordably… once we all stop trying to steal from everyone else (by having the govt do it for us)

    That is how it is going to play out… it’s just pure raw economics.

    g

  • senorvoce says:

    League numbers about League performance are clearly suspect. Is there any audit process at work here? Leaving surveys on theater seats is a messy and non-scientific data collection methodology.

    Curious that the NY TImes doesn’t seem to have seen fit to mention the report.

  • Yes, of course Broadway is one of NYC’s most identifiable “products” and creates tremendous revenue… but be specific, Ken, what are you looking for from NYC government? Tax breaks, affordable housing for theater employees? Just curious.

  • Larry says:

    I agree with you Ken, and also agree with Joanne, above. I’m curious Ken, what specifically should NYC government be doing for our theatre community? And how do you propose we get the NYC government to pay attention to us and give us this “respect”, we so greatly deserve?

  • Good answer back in return of this difficulty
    with solid arguments and explaining the whole thing
    regarding that.

  • I really like your blog.. very nice colors & theme.
    Did you design this website yourself or did you hire someone to do it for you?
    Plz respond as I’m looking to create my own blog and would like to know where u got this from.
    kudos

  • Generally I do not read post on blogs, however I
    wish to say that this write-up very forced me to check out and do so!
    Your writing taste has been amazed me. Thank
    you, very great post.

  • Good write-up. I definitely appreciate this site.
    Stick with it!

  • happyme says:

    Hi there! I realize this is somewhat off-topic but I had to ask.
    Does running a well-established website like yours take a massive amount work?

    I’m completely new to operating a blog but I do write in my diary every day.
    I’d like to start a blog so I can easily share my own experience and feelings online.
    Please let me know if you have any kind of ideas or tips for
    new aspiring blog owners. Thankyou!

  • Hеllo thеre! This article couldn’t bbe written ɑny Ƅetter!
    Reading throuigh tҺis article reminds me οff my previous roommate!
    ңе always kept talking about thіs. I’ll send this іnformation to him.
    Pretty sսre he’s gօing to have a veгy good read.

    Thanks for sharing!

  • somer says:

    Yes! Finally something about Book.

  • After I originally commented I appear to have clicked the -Notify me when new comments are added- checkbox and from
    now on each time a comment is added I receive 4 emails
    with the same comment. Is there a means you are able to remove me from
    that service? Cheers!

  • Definitely believe that which you said. Your favorite justification appeared to be on the internet
    the easiest thing to be aware of. I say to you, I certainly
    get annoyed while people consider worries that they plainly do not know about.
    You managed to hit the nail upon the top and also defined out the whole thing without having side effect , people can take a signal.
    Will likely be back to get more. Thanks

  • Currently it seems like Expression Engine is the top blogging platform available right now.
    (from what I’ve read) Is that what you are using on your blog?

  • If you desire to get a great deal from this article
    then you have to apply these techniques to your won blog.

  • You actually make it appear so easy along with your presentation however I in finding this matter to be really
    one thing which I feel I would never understand.
    It seems too complicated and very extensive for me. I’m
    having a look forward for your next submit, I
    will attempt to get the dangle of it!

  • Simply wish to say your article is as amazing. The clearness in your post is just excellent and i can assume you are an expert
    on this subject. Fine with your permission allow me to grab your feed to keep up to
    date with forthcoming post. Thanks a million and please keep up the
    gratifying work.

  • Hi there, You’ve done an incredible job. I will definitely digg it and personally recommend to my
    friends. I am sure they’ll be benefited from this
    site.

  • movie dragon says:

    Good post however , I was wondering if you could write
    a litte more on this topic? I’d be very grateful if you could
    elaborate a little bit further. Thanks!

  • movie says:

    I’ve been surfing online more than 4 hours today, yet I never
    found any interesting article like yours. It’s pretty worth enough for me.
    In my opinion, if all site owners and bloggers made good content as you
    did, the web will be a lot more useful than ever before.

  • Just want to say your article is as surprising.
    The clarity in your post is just great and i can assume
    you’re an expert on this subject. Fine with your permission allow me to grab your RSS feed to keep up to date with forthcoming post.

    Thanks a million and please carry on the gratifying work.

  • Hellо colleagues, how is all, and what you wߋuld likе
    to say cоncerning this piee οf writing, in mmy view іtѕ trսly awesome
    designed fоr me.

  • Hi there I am so happy I found your web site, I really found you by
    accident, while I was searching on Askjeeve for something else, Anyhow I
    am here now and would just like to say cheers for a fantastic post
    and a all round enjoyable blog (I also love the theme/design), I don’t have time to go through it
    all at the moment but I have bookmarked it and
    also added in your RSS feeds, so when I have time I will be
    back to read much more, Please do keep up the
    excellent jo.

  • I’m not sure where you are getting your information, but good topic.
    I needs to spend some time learning much more or understanding more.
    Thanks for wonderful information I was looking for this information for my mission.

  • whole of the UK but of course most of our work is in London .

  • I prefer cheap wow gold practically each day by using a single thing plus everthing! They’re sooooo soft aand I want cheap wow gold a lot of! The single thing bad utilizing cheap wow gold is simply because are too scarce across the banc since i have contain the time honored higher dark colored people. Other now that they are astonishing using this program . longing for getting!

  • Very descriptive article, I loved that a lot. Will there be a part 2?

  • Wow, amazing blog structure! ңow lengthy haѵe ʏou been running
    a blog for? yοu made running a blog look easy. The ovеrall glance of youг web site іs magnificent, as smartly as the content!

  • An interesting discussion is worth comment.
    I do think that you need to publish more about this issue,
    it may not be a taboo subject but typically people do not discuss
    such topics. To the next! Many thanks!!

  • Wonderful article! That is the kind of information that should be shared across the net.
    Shame on Google for not positioning this put up upper! Come on over
    and seek advice from my site . Thank you =)

  • Vernita says:

    Early-to mid-career designers may earn about $30,000 to $45,000.
    Article Source: Pang is the International Admissions Director of Raffles International Colleges.

    Tap into your creative side when you are redesigning the
    kitchen.

  • Hello, I enjoy reading through your article. I wanted to write a little comment too support you.

  • You are so awesome! I don’t think I have read something like that before.
    So great to discover somebody with genuine thoughts on this subject matter.
    Really.. thanks for starting this up. This web site is something that is needed on the web, someone with a little
    originality!

  • hard drives says:

    Superb blog! Do you have any hits for aspiring
    writers? I’m hoping to start my own blog soon but I’m a little lost on everything.
    Would you propose starting with a free platform like Wordpresws or go for a paid option? There
    aare so many chuoices out there that I’m totally
    overwhelmed .. Any ideas? Thanks!

  • It’s very simple to find out any topic on net as compared to textbooks,
    as I found this article at this site.

Leave a Reply

Your email address will not be published. Required fields are marked *

SIGN UP BELOW TO NEVER MISS A BLOG