Oxford Economics: Oneida Indian Nation Generates More than $1 Billion Annual Economic Impact

Posted on August 29, 2023

Oxford Economics: Oneida Indian Nation Generates More than $1 Billion Annual Economic Impact

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

OIN 1

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

OIN 2

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

OIN 3

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

OIN 4

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

OIN 5

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.

Read more here

CenterState CEO

Other Member News

Broadway in Syracuse
July 26, 2024

TICKETS FOR CAMERON MACKINTOSH’S ACCLAIMED PRODUCTION OF BOUBLIL AND SCHÖNBERG’S LES MISÉRABLES WILL GO ON SALE JULY 29TH AT 10AM

This reborn dream of a production looks and sounds fresher than ever. Sends shivers of excitement racing down the spine - You emerge feeling stirred and exhilarated.

Logo for Dannible & McKee, LLP
July 25, 2024

Dannible & McKee, LLP Announces the Promotion of 18 Professionals

The commitment to excellence from these 18 professionals is well demonstrated, and we congratulate them on their achievements.

Park Strategies Managing Director Featured in syracuse.com Article on New York's Cannabis Industry Rollout
July 24, 2024

Park Strategies Managing Director Featured in syracuse.com Article on New York's Cannabis Industry Rollout

His advocacy, born from an understanding of coalition-building and decision-making, has been influential amid many regulatory challenges.

Forbes Best Employers for Women logo
July 23, 2024

Excellus BlueCross BlueShield Recognized by Forbes as One of America’s Best Employers for Women 2024

This award highlights the organization’s ongoing commitment to fostering a diverse and inclusive workplace where women can thrive and advance their careers.

Ashley McGraw Architects
July 23, 2024

Ashley McGraw Architects Acquires studioMLA Architects, A National Leader in Early Education Design

Founded in 2006, studioMLA Architects is recognized as a national leader in the design of early education facilities along with nature-inspired playscapes for young children.

Mike Becallo
July 23, 2024

Michael Becallo Joins Oswego Health as Community Relations Representative

Originally from Cicero, Becallo is well-routed in CNY and brings over 15 years of healthcare experience.

Kate Weidman, Deputy Executive Director, AURORA of CNY
July 19, 2024

AURORA of CNY Announces Leadership Changes

Weidman will transition into the role of Executive Director following the retirement of current Executive Director Debra Chaiken, ensuring a seamless succession in leadership.

Credit Score 101
July 17, 2024

Credit Score 101 - Everything You Need to Know

Understanding and managing your credit score is a key step towards achieving financial stability and success. 

Larry Bousquet
July 16, 2024

Crouse Health Board of Directors Welcomes Two New Members

The Crouse Health Board of Directors has appointed two new directors.