Disney’s economic impact is $ 40 billion

A report released this week showed how Disney has a major influence on Florida's economy

In a report revealed this Tuesday, it is highlighted that Disney has generated a significant economic impact in the state of Florida, exceeding $40 billion and contributing to the creation of approximately 263,000 jobs.

The report, commissioned by Walt Disney World and prepared by the consulting firm Oxford Economics, highlights that this entertainment giant has left $3.1 billion in local and state coffers during fiscal year 2022.

With four theme parks, two water parks and more than 25 hotels, Disney established itself as an essential economic catalyst for Florida. Adam Sacks, president of Tourism Economics, a division of Oxford Economics, emphasized that Disney’s economic influence extends both directly and indirectly through its supply chain and employee spending.

The report reveals that Disney’s presence in Florida has resulted in more than a quarter of a million jobs, making the company a relevant player in the state’s labor market. One in 32 jobs is attributed to Disney, and in central Florida, home to the popular theme parks, one in 8 direct jobs is linked to Walt Disney World.

The impact goes further, given that for every job created within Disney facilities, an average of 1.7 jobs are generated throughout the state, collaborating with around 2,500 businesses in Florida.

K. Tovar

Source: Infobae

(Referential image source: PAN XIAOZHEN, Unsplash)

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