Kreamer explains $2B total and 12,100 jobs supported
Kreamer says $1.2 billion in direct spending plus about $700 million in indirect and induced effects yields the $2 billion figure. He says the 12,100 jobs are supported jobs, not necessarily new jobs, and the analysis cannot distinguish temporary from permanent.
And so that number, again, for New York City specifically, is about $700,000 added on top of the direct spending.
So 1.2, sorry, 1.3 plus $700,000 is how we.
We got to the $2 billion number.
And the same process works out for the regional numbers that you all have cited as well before, which was the regionals.
It was $1.9 billion in direct spending and $3.5 billion in overall economic impact.
I can also answer the question on the job supported as well, I believe that was part of it.
Yeah, cool.
I'm learning a lot.
Yes.
I feel like I'm a professor slowly breaking down by step by step.
So the way that the job supported was calculated is by sector.
They track each dollar that is spent can be attributed to supporting a job or multiple jobs within that sector.
And so based off that total spending broken up by the sectors, it then multiplies that dollar by the number of jobs that dollar supported.
And that's how the 12,100 jobs was calculated.
And to be clear, those aren't new jobs.
Those are jobs that are supported.
There may be some new jobs that were in there, seasonal jobs that came in, full-time jobs, but you can't distinguish that through the analysis.