Times Square is a small space of enormous consequence. Though it comprises only 0.1% of New York City’s land area, Times Square houses 5% of the city’s jobs and generates 10% of its economic output. With over 200,000 workers and 17,000 residents, the district is a major commercial, retail and entertainment center. Additionally, Times Square’s 35 million annual visitors are a major catalyst for the economy of the neighborhood as well as the city, spending $18 billion throughout New York during their stay.

Together with HR&A, Inc., the Alliance has produced a report outlining Times Square’s remarkable economic impact. Click here to see a full report of how Times Square contributes to the New York economy.  For an overview of the report's findings, click here.