A huge Economic Boost from New York’s Apple Industry

A huge Economic Boost from New York’s Apple Industry

A new economic model from Cornell University discovered that the economic effect of the New York apple industry is 21% larger than traditional models had estimated.

According to the sources, Cornell used the apple industry as a case study to test a new and more precise model for economic analysis.

Researchers found for every $1 of apples or apple products sold in New York, the state generates an additional 58 cents spent in related industries, stated in the report.

Also the report says, every apple industry job generates an additional 0.48 jobs, and every $1 of direct apple-industry gross domestic product generates an additional $1.14 in GDP from related business activity in the state.

Taken all together, the New York apple industry supports more than $2 billion in industry output and nearly 12,000 jobs, according to the report.

The research, which appeared in the Journal of Agriculture, Food Systems, and Community Development, was supported in part by the New York Apple Association.