News Summary
The Seneca Nation’s economic contribution to Western New York is nearly $2 billion annually, supporting over 8,000 jobs across 16 counties. A recent report highlights how their operations, including casinos and diverse businesses, are integral to the local economy. With significant wage generation and tax contributions, the tribe plays a crucial role in community support and public services. Their commitment to sustainable growth and fiscal management reinforces their pivotal status in the region’s development.
Seneca Nation’s Economic Impact Reaches Nearly $2 Billion Annually
Buffalo, NY — A recent report by Meister Economic Consulting has revealed that the Seneca Nation’s annual economic impact in Western New York is estimated to be nearly $2 billion, significantly contributing to the region’s economy. This impact translates to the support of over 8,000 jobs across 16 counties.
The economic output generated by the Seneca Nation is specifically calculated at $1.9 billion. This encompasses direct and indirect employment, with a total of 8,014 jobs supported by the tribe’s diverse operations. Direct employment alone accounts for 4,623 full-time and part-time workers, making the Seneca Nation the 12th largest employer in Western New York.
Among the tribe’s diverse operations, casino activities at the Seneca Niagara Resort & Casino, Seneca Allegany Resort & Casino, and Seneca Buffalo Creek Casino play a significant role, providing around 3,000 jobs. Beyond gaming and hospitality, the Seneca Nation operates 34 businesses in sectors including retail, fuel operations, banking and finance, information technology, telecommunications, healthcare, engineering, energy, and federal government contracting.
Supporting Local Economies and Communities
According to the report, the Seneca Nation generates $542.7 million in wages for its employees and significantly contributes to the local economy through $365.9 million in taxes and payments to federal, state, and local governments. This substantial economic activity not only supports individual families but also contributes to vital public services in the area.
The tribe’s economic contribution underpins various programs benefitting its approximately 8,600 enrolled members. These programs cover a wide array of essential services, including education, healthcare, housing, public safety, transportation, vocational training, cultural preservation, and support services for elders, veterans, and individuals with disabilities.
Commitment to Sustainable Growth
The Seneca Nation’s leadership has reaffirmed its dedication to the economic welfare of Western New York. The Nation operates without relying on taxpayer dollars or government subsidies, focusing on sustainable growth for its members and the wider community. The tribe’s initiatives reflect a commitment not only to local economic development but also to responsible fiscal management.
This report has been presented to a gathering of federal, state, and local officials, outlining the Seneca Nation’s significant role in the regional economy. The tribe has also indicated ongoing negotiations to reach a new gaming compact with the state, which expired in December 2023. This suggests continued collaboration that could further enhance the economic impact of the Seneca Nation within Western New York.
The findings from the report underscore the Seneca Nation’s essential contribution to the economy and highlight its status as a key player in the region’s growth and sustainability.
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Additional Resources
- Tribal Business News: Seneca Nation Created Nearly $2B in Economic Impact
- Wikipedia: Seneca Nation
- Yogonet: Seneca Nation Drives $1.9 Billion Economic Impact
- Google Search: Seneca Nation
- WGRZ: Seneca Nation Drives $2B Economic Impact in WNY
- Google Scholar: Seneca Nation Economic Impact
- Olean Times Herald: Report on Seneca Nation’s Economic Impact
- Encyclopedia Britannica: New York State
- WKBW: Seneca Leaders Demand Action on Gaming Compact
- Google News: Seneca Nation Economic Report
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