December 15, 2016
By Neal Tepel
UN Great for NYC Economy
New York, NY – According to the New York City Economic Development Corporation, having the United Nations in New York City provides a substantial economic benefit to the big apple. A recent report, United Nations Impact Report 2016 provides documentation regarding the economic importance of the UN to our city.The UN Community generated $3.69 billion in total annual economic output to the City of New York’s economy and employs 16,000 people.
“New York City is not only an economic and cultural capital, but a diplomatic one. We are proud to be the host city to the United Nations headquarters and the largest diplomatic community in the world. The impact of the United Nations stretches far beyond New York City, and this study reflects the city’s enduring commitment to supporting this critical global institution,” said Mayor Bill de Blasio.
The United Nations Economic Impact Report 2016 illustrates the UN Community’s role as a major employer and purchaser of local goods and services and how New York City realizes economic benefits from the UN Community by way of employment, earnings associated with those jobs, and tax revenue. It also highlights New York City’s special role as host city to the UN, specifically the investment made in supporting the UN Community.
“I am thrilled for my office to release this salient report which shows the concrete economic benefit – a significant $3.69 billion in total economic output to New York City from hosting the UN Community. The nearly 16,000 individuals that make-up the UN Community, representing countries across the world, adds to the vibrant diversity of our global city. The UN is much more than the sum of its economic impact – working to address some of the most pressing challenges facing the world today, from catalyzing action on climate change to assisting refugees. Now, more than ever, the partnership between the City of New York and the UN is of paramount importance. This study celebrates that partnership and the UN presence in New York City for seven decades,” said Penny Abeywardena, Commissioner of the Mayor’s Office for International Affairs.