Fashion Industry Overview
- Employs 175,000 people, making it a larger employer than other NYC-centric industries. Source: New York State Department of Labor, 2007
- I Generates $10 billion in total wages with tax revenues of
- $1.6 billion. Sources: New York State Department of Labor, 2007, New York City Department of Finance, 2008; US Bureau of Labor Statistics, 2007; NYCEDC, 2008
Fashion Week
- I Fashion Week, the semiannual event held at Bryant Park and throughout the City, includes over 250 fashion shows and attracts approximately 232,000 total attendees annually (116,000 each Fashion Week).
- Source: NYCEDC, 2007 I Citywide, the event generates $466 million in direct visitor spending
- per year ($233 million each Fashion Week), leading to $773 million
- in total economic impact per year ($386 million each Fashion Week).
Wholesale/Design
- NYC is a wholesale buying leader, hosting 75 major fashion trade shows and market weeks annually and housing over 5,000 fashion showrooms — more than any other city in the world.
- I Collectively, fashion trade shows, events and showrooms generate578,000 annual out-of-town visits to the City.
Read more: http://www.nycfashioninfo.com/getdoc/008526d5-6168-40c3-aa23-aecc8137c8d0/NYCEDC_Fashion_Industry_Snapshot09.aspx
Via: nycfashioninfo