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New York Golf Economy Report Shows Important Impact
On the heels of a similar golf economic impact report for Washington and other states, a similar analysis has been completed for New York that shows its link to golf history extends past its roots in popularizing the game within this country. New York also is a state where golf is a key industry contributing to the vitality of its economy from employment, capital investment, tourism, significant charitable donations and the export of goods and services.
Those findings and more are part of a New York Golf Economy Report, commissioned by GOLF 20/20 for the New York Alliance for Golf Task Force and prepared by SRI International. The study was released March 10, in Albany, N.Y., in conjunction with the New York State Turfgrass Association's Advocacy Day.
As the birthplace of the United States Golf Association (1894) and the PGA of America (1916), New York has 818 courses, 38 golf resorts, and it's hosted four U.S. Open Championships in the past decade and hosts as many as nine annual championships, including showcase events of the USGA, PGA of America, PGA Tour, Champions Tour and LPGA Tour - all which enhances the game as a benchmark in the Empire State's economy.
According to the New York Golf Economy Report, the golf industry generates a total economic impact of $5.3 billion, supporting nearly 56,600 jobs with $1.6 billion of wage income.
The golf economy encompasses the facilities and the other core industries that produce goods and services used to operate these facilities and play the game. At the same time, the charitable giving attributed to the game of golf in New York approached $125.6 million in 2007.
"Golf's impact in New York is a reflection of its passionate sports enthusiasts, who take pride in the game and recognize how the sport adds vitality to the state by providing thousands of jobs while at the same time preserving open space and addressing environmental concerns," said Jay Mottola, executive director of the Metropolitan Golf Association. "Golf has provided citizens of New York with a healthy industry that has a significant impact on economic growth by driving tourism, residential development and retail sales, while also generating millions for charitable causes meeting the environmental concerns."
The New York Golf Economy Report is supported by the New York Alliance for Golf Task Force is made up of following associations: Metropolitan and New York State Chapters of the Club Managers Association; Long Island, Hudson Valley and Metropolitan Golf Course Superintendents Association Chapters; Metropolitan Golf Association (MGA); the New York State Golf Association (NYSGA); the New York State Turfgrass Association (NYSTA); the Central, Metropolitan, Northeastern and Western New York PGA Sections and certified public accounting firm Condon O'Meara McGinty & Donnelly.
In 2007, New York's direct golf economy of $2.9 billion made golf comparable to architectural services ($2.7 billion), women's apparel manufacturing ($4.4 billion), and semiconductor and electronic component manufacturing ($8.2 billion). Golf brings visitors to the state, generates retail sales, increased tourism, spurs new residential construction and creates demand for a myriad of goods and services.
The report, prepared by SRI International, was commissioned by GOLF 20/20. The continued health and growth of the golf industry has a direct bearing on jobs, commerce, economic development and tax revenues.
Among the findings in the New York Golf Economy Report:
. New York's 818 golf courses, 64 stand-alone ranges and 86 miniature golf facilities generated more than $1.5 billion of revenues.
. New York's 38 golf resorts and nine annual championships spurred $520.2 million of golf-related tourism spending.
. Out-of-state shipments by New York golf apparel and equipment manufacturers and magazine publishers were approximately $352.3 million.
. The total amount of charitable giving attributed to golf in New York approached $125.6 million.
For details of the complete report, visit www.mgagolf.org.
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