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Same-Sex Marriage Expected to Boost Wedding Business

Cake shops, wedding venues expect to see part of $90 million boost from referendum's passage.

 

 

With the passage of Question 6 approving same-sex marriage, some financial analysts say believe that Maryland’s economy could see as much as a $90 million boost, according to a recent article in The Gazette.

Mark Yost, president of the Maryland Gay & Lesbian Chamber of Commerce, quoted research from UCLA's Williams Institute that there could be $3.6 million in sales and lodging tax revenue, and $21 million per year from wedding-related businesses.

Baltimore Business Journal spoke with Mary Alice Yetskey, the marketing director of Duff Goldman’s Charm City Cakes, who believes that her business will see a “much busier January” than normal. 

The story also quotes Mark Scurti, an attorney specializing in LGBT issues at Towson’s Pessin Katz Law, discussing the need for lawyers who “understand the intricacies” of same-sex couple marriages.

Related Topics: Cake Shop, Revenue, Same Sex Marriage, Small Business, Small Business 2012, and wedding venue

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