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How much does disney contribute to the economy?
Transcript of How much does disney contribute to the economy?
A study by Arduin, Laffer & Moore Econometrics released in April 2011 shows the magic Disney makes for Guests at its parks and resorts and on its cruise ships translates into a strong economic impact not only in Central Florida but across the state.
The $18.2 billion in annual economic activity generated locally by Walt Disney Parks and Resorts accounts for 2.5 percent of Florida’s gross domestic product.
Of the 7.2 million Floridians in the workforce in 2009, more than one out of every 50 had a job that can be directly or indirectly tied to the operations of Walt Disney Parks and Resorts. Locally, 6 percent of all jobs in Central Florida can be attributed to Disney’s operations.
In Central Florida, Cast Members at Walt Disney Parks and Resorts earned a total of nearly $1.8 billion during FY2009. Across Florida, when direct and indirect jobs are taken into account, more than $6 billion in paychecks can be attributed directly or indirectly to Disney’s operations.
Each year Walt Disney Parks and Resorts purchase more than $2 billion worth of goods and services. Nearly $1 billion is paid to vendors with a presence in the state and approximately $500 million goes to vendors in Central Florida.
Spending by Disney Guests at businesses outside the resort area totaled nearly $1.7 billion in FY2009. This includes hotel and lodging expenditures, meals at local restaurants, retail purchases’ and transportation expenditures.
In Orange County, Disney pays more in taxes than the next 10 highest county taxpayers combined. Approximately $46 million of those funds go directly to education.
In addition to the county taxes, Walt Disney World Resort paid more than $77.8 million in taxes to the Reedy Creek Improvement District in 2013. These tax dollars go toward building hundreds of millions of dollars worth of public infrastructure at no cost to taxpayers.
$320,000 in Disney Helping Kids Shine Grants to enhance student performance from preschool through 12th grade.
In 2013, Disney hosted more than 7,000 wish trips for children and donated complimentary tickets valued at more than $10 million to make their dreams come true and create special memories for children with life-threatening medical conditions.
There are plans to build a Massive Theme Park in 2018 in the UK, , the theme park would create 27,000 full time jobs.
In July 2013, Disney VoluntEARS donated a total of $955,000 to 500 local non-profit agencies and community service groups through Disney’s EARS To You program.