Tourism Economics, an Oxford Economics company, has compiled a report on the Oneida Indian Nation’s economic impact throughout the Upstate New York region. The Tribe recently released the report’s findings, along with news of its $370m Turning Stone project.
According to the data, the Tribe through its visitor spending, varied operational spend and varied payments during the past fiscal year, has “had a $1.06bn economic impact on the region.”
Oneida Indian Nation representative and Oneida Nation Enterprises CEO Ray Halbritter further outlined the report’s findings.
He said in a statement, “In 2022 alone, Turning Stone and our other enterprises generated a more than $1bn economic impact in Upstate New York and annually support more than 7,000 jobs, including our 4,500 employees.”
Halbritter went on to add that its recent Turning Stone Evolution investment is part of the Tribe’s continuing commitment to develop the community in positive ways.
He said in closing, “Our $370m investment in the Turning Stone Evolution is our promise to the region, our partners and our employees to continue our role as an engine for economic development and job creation.
“The evolution will generate thousands of construction jobs and millions of dollars in revenue, and we are confident that the long-term impact of this investment will rapidly grow year after year.”
Comptroller Thomas DiNapoli recently discussed the fiscal impact New York’s casinos have had on local governments. According to the findings, three host towns in the study were “the only ones to see significant benefits.”
The 2020 study included New York’s del Lago Resort and Casino, which contributed $176m in gaming tax revenue for regional governments.
