October 11, 2022
Each Yankees and Mets Home Playoff Game Expected to Generate More Than $15 Million in Economic Impact, Continuing to Drive NYC’s Recovery
NEW YORK – New York City Mayor Eric Adams as we speak introduced that the 2022 Major League Baseball postseason is anticipated to generate a minimal of $93 million in financial exercise for New York City — stimulating native companies, creating jobs and financial alternative for New Yorkers throughout the 5 boroughs, and persevering with to drive the town’s financial restoration. Each house playoff recreation performed by the New York Yankees and the three already performed by the New York Mets within the Wild Card sequence is projected to generate greater than $15 million of financial affect, and — with each groups enjoying a number of house playoff video games for the primary time since 2006 — the 2022 postseason might be notably helpful to the town’s financial restoration.
A brand new evaluation from the New York City Economic Development Corporation (NYCEDC) discovered that every upcoming Yankees postseason house recreation is anticipated to generate an financial affect of $21.5 million. An identical NYCEDC evaluation discovered that every of the three Mets postseason house video games already performed this yr have been anticipated to generate an financial affect of $16.9 million.
“Just like New York City, playoff baseball is back,” stated Mayor Adams. “Each time someone spends money in a restaurant, a stadium, a retail store, or a hotel, we make sure a dishwasher, a chef, a bartender, a waiter, or thousands of other workers are employed — and the 2022 MLB postseason will support local businesses and local jobs by generating close to $100 million in economic activity for the city. I want to thank the Mets and Yankees for their partnership in New York City’s comeback, so let’s play ball and continue to ‘Get Stuff Done’ for our city’s recovery.”
“In New York City, baseball means business. And with each postseason game — and may there be many — the impact for local businesses and our economy grows,” stated Deputy Mayor for Economic and Workforce Development Maria Torres-Springer. “Congrats to the Mets on a great season, and good luck to the Yankees.”
“Postseason baseball is back in New York City, and with that comes a huge boom to our economy,” stated NYCEDC President and CEO Andrew Kimball. “We have already seen the enormous economic impact the Mets home playoff series had and are looking forward to a long playoff run from the Yankees and the economic benefits to New York City that come with it.”
“October baseball is here, and with it comes millions of dollars in economic activity — a grand slam for small businesses, workers, and fans in every borough,” stated New York City Department of Small Business Services Commissioner Kevin D. Kim. “Congratulations to the Yankees and Mets on what has already been a historic season!”
NYCEDC’s evaluation accounts for ticket gross sales, spending from over 30,000 guests for every playoff house recreation from outdoors of New York City, and extra earnings for seasonal workers at Yankee Stadium and Citi Field, in addition to different components. These impacts stimulate development within the native economic system, creating alternatives and jobs for New Yorkers and spending that’s reinvested within the City of New York.