Sunday, July 21, 2024

California Governor Gavin Newsom celebrates Disneyland Forward initiative and benefits for Anaheim

Following the recent release of an economic impact study on the Disneyland Resort’s multiyear public planning effort to expand in Anaheim, Governor Gavin Newsom on Tuesday received a briefing on Disney’s plan to invest in the region for decades to come, and attended Disneyland’s first-ever Disney After Dark Pride Nite event.

As part of its DisneylandForward initiative, announced in 2021, the Disneyland Resort recently released a study from Cal State Fullerton’s Woods Center for Economic Analysis and Forecasting. The study showed that every $1 billion that Disney invests to expand its theme parks at the Disneyland Resort is expected to generate more than $250 million annually in economic output and $15 million in tax revenue for the City of Anaheim, as well as create more than 4,000 construction and 2,000 ongoing operations jobs. In addition, more than $20 million in tax revenue will go directly to the State of California.

(L to R): DIsney CEO Bob Iger, California Governor Gavin Newsom, Disney Parks, Experiences and Products Chairman Josh D’Amaro

Disneyland is the largest employer in Orange County and generates more than $5.7 billion annually for the Southern California economy. California’s tourism industry is a major economic driver – travel spending increased to $134.4 billion last year, supported 1.09 million jobs, and generated $11.9 billion in state and local tax revenue.

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