Fashion doesn't just make us look good, it helps our nation's bottom line. Fashion-related jobs are a vital part of the economy across the U.S., and especially in New York City. Everyone in the industry, from the designer who drew the new sweater, to the marketer who created the new fashion ad, to the retail worker who stocks and folds the latest outfits, plays a critical role in this economic driver for our town and nation.
In honor of New York City's annual Fashion Week, Congresswoman Maloney directed her staff on the Joint Economic Committee to produce reports in 2015 and 2016 on the financial impact of the fashion industry in the United States. The latest report found that Americans spent nearly $380 billion on apparel and footwear in 2015, and that the fashion industry employed over 1.8 million Americans that year.
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New York—Today, Congresswoman Carolyn B. Maloney (NY-12) and Manhattan Borough President Gale A. Brewer joined New York City fashion industry professionals to highlight the vital importance of the Garment District to New York’s fashion industry. The group discussed the outsized economic impact of the fashion industry, which generates nearly $2 billion in tax revenue for the city per year, and the annual New York Fashion Weeks, which generate over $900 million in revenue per year, producing a greater economic stimulus than the US Open or the Super Bowl.
NEW YORK – Today, Rep. Carolyn Maloney (D-NY), Ranking Member of the U.S.