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Monday, November 12, 2012

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 …

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