News Summary
A recent report reveals the Seneca Nation generates an estimated $2 billion annually for Western New York, supporting over 8,000 jobs across 16 counties. The tribe’s operations, including casinos and diverse business ventures, contribute significantly to local wages and tax revenues. With ongoing negotiations for a new gaming compact, the tribe continues to play a crucial role in the region’s economic growth and community services.
New York – A recent report commissioned by the Seneca Nation has revealed that the tribe’s annual economic impact in Western New York is estimated at nearly $2 billion. This impact supports just over 8,000 jobs across 16 counties in the region. The independent analysis, conducted by Meister Economic Consulting, assesses the effects of the Seneca Nation’s government operations and business enterprises, projecting figures for the year 2024 expressed in 2025 dollars.
The key findings from the report indicate a total economic output of approximately $1.9 billion. This output supports 8,014 direct and indirectly supported jobs, with an impressive $542.7 million in wages generated. Furthermore, the tribe contributes $365.9 million in taxes and other payments to federal, state, and local governments.
The Seneca Nation directly employs 4,623 full-time and part-time workers. No less than 3,000 of these positions are linked to the tribe’s casino operations at its three establishments: the Seneca Niagara Resort & Casino, the Seneca Allegany Resort & Casino, and the Seneca Buffalo Creek Casino. This substantial employment figure positions the Seneca Nation as the 12th largest employer in Western New York.
Business Operations and Community Impact
Along with its casinos, the Seneca Nation operates 34 businesses across various industries including gaming and hospitality, retail and fuel operations, banking and finance, information technology, telecommunications, healthcare, engineering, energy, federal government contracting, and cultural preservation. Earlier this year, the tribe made headlines by acquiring the Rochester Knighthawks, a professional National Lacrosse League franchise, which further diversifies its business portfolio.
The Seneca Nation has become an essential driver of job creation and economic growth in the region, achieving these milestones without the need for taxpayer dollars or subsidies. The tribe uses its revenues to fund a variety of government services that benefit approximately 8,600 enrolled members. These services include education, healthcare, housing, public safety, transportation, vocational training, cultural preservation, and support for elders, veterans, and individuals with disabilities.
Commitment to Economic Growth
The leadership within the Seneca Nation is committed to promoting regional economic development and public well-being. The tribe’s President emphasized the significant and beneficial economic impact the tribe has on the ongoing development of Western New York, indicating that their reach is both wide and growing.
Negotiations for Future Agreements
Currently, the Seneca Nation is engaged in discussions with the state regarding a new gaming compact, which expired in December 2023. The Governor’s Office has expressed that they are working in good faith towards reaching a new agreement that will serve the interests of all parties involved.
In summary, the research highlights the vital economic role played by the Seneca Nation in Western New York. Through its comprehensive business operations and job creation efforts, the tribe not only supports the local economy but also contributes significantly to various community services for its members. As negotiations continue for a new gaming compact, the Seneca Nation remains a pivotal player in shaping the economic landscape of the region.
Deeper Dive: News & Info About This Topic
- Tribal Business News
- Wikipedia: Economic Development
- YoGonet
- Google Search: Seneca Nation economic impact
- CDC Gaming Reports
- Google Scholar: Seneca Nation economic development
- WGRZ
- Encyclopedia Britannica: Economics
- Olean Times Herald
- Google News: Seneca Nation 2024 report
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