Estimating the Economic Boost of Extending Marriage to Same-Sex Couples in Virginia
Extending marriage to same-sex couples in Virginia would generate up to $60 million in spending to the state economy. According to 2010 U.S. Census, the most recent data available, 14,244 same-sex couples live in Virginia. Of those couples, the Institute estimates that 50 percent (7,122 couples) would choose to marry in the first three years, a pattern that has been observed in Massachusetts and elsewhere. Nearly 5,000 marriages would occur in the first year alone, and bring up to $38 million in revenue to the state of Virginia that year. Wedding-related spending and tourism would generate approximately 459 to 595 new jobs in Virginia over the first three years.