Oxford Economics: Oneida Indian Nation Generates More than $1 Billion Annual Economic Impact
Posted on August 29, 2023
Oxford Economics, a leading independent global advisory firm, recently released a new report that finds the Oneida Indian Nation's enterprises generate a more than $1 billion annual economic impact in Upstate New York. The report confirms the Nation’s role as an economic engine within the region, identifying millions of dollars spent with local vendors, generated for regional communities and reinvested in its business enterprises.
$1.06 Billion Annual Economic Impact
The Oneida Indian Nation employs local residents, spends with regional businesses and supports a variety of New York State and county programs.
$115 Million Spent with Local Vendors Last Year
During the past year, the Oneida Indian Nation continued to build partnerships with regional vendors throughout Oneida, Madison and Onondaga Counties.
$370 Million Capital Investment in Turning Stone Resort Casino
The evolution of Turning Stone will set a course not just for the Oneida Indian Nation’s role as an economic engine in Upstate New York, but for economic growth in the region as a whole.
$411 Million Capital Investment Since 2013
The constant expansion and diversification of the Oneida Indian Nation’s enterprises has helped transform Upstate New York’s economy.
2013 Settlement Agreement Generates $1.15 Billion Impact
The 2013 Settlement Agreement between the Oneida Indian Nation, New York State and Oneida and Madison Counties has generated hundreds of millions of dollars for local communities.