Oneida Nation’s Economic Impact Nearly Half Billion Dollars a Year
The Oneida Indian Nation and its business enterprises, including Turning Stone Resort and Casino, had a direct economic impact of nearly $450 million during its fiscal year which ended Sept. 30, 2009.
The payroll for the Nation’s workforce of about 4,800 employees was more than $124 million and an additional $4.5 million was contributed to employee 401K accounts. On top of that, the Nation spent nearly $320 million for goods and services, of which more than $85 million was spent with local businesses in Oneida, Madison and Onondaga counties and more than $160 million for all of New York State. The Nation’s workforce had $19.2 million taken out of their paychecks in federal income taxes, Social Security and Medicare, and $4.2 million in state income taxes. The business interests of the Nation include Turning Stone Resort and Casino; a chain of a dozen SāvOn fuel and convenience stores; three marinas; an Angus beef and crop farm; a fishing lodge; a 3-D animation studio; and a national weekly newspaper, Indian Country Today. Most PopularInformation, photos, video or graphics from www.OneidaIndianNation.com may not be republished, uploaded, posted or distributed in any way without the prior approval of Oneida Indian Nation Communications. Permission is for one time use only. Any use of this material must be credited to: Oneida Indian Nation.
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