Oneida Indian Nation Releases Report Showing Major Boost in Local Investments in 2018

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The Oneida Indian Nation announced that in 2018, its operations - driven by the opening of the new 65,000-square-foot Point Place Casino in Bridgeport and the opening of several Maple Leaf Markets - increased their total investments in vendors and capital projects by more than $67 million. That represented a 22 percent increase from 2017 – and does not include an additional $60 million in Nation payments under the settlement agreement to New York State and surrounding counties. The Nation also continued its investments in Turning Stone Resort Casino, the Yellow Brick Road Casino, and its SāvOn Stores.

 

 

“We are proud that these new investments support thousands of jobs throughout the region and we are confident that they position our region to be a leader in the tourism economy.”
- Oneida Indian Nation Representative and Nation Enterprises CEO Ray Halbritter

 
 

"We also continue to reap the benefits of the historic 2013 settlement agreement, which last year alone, provided Oneida County with more than $16 million in gaming revenue and has allowed for no increase to our tax levy for six years in a row.”
- Oneida County Executive Anthony J. Picente Jr.


“Madison County certainly understands the capital investments made by the Oneida Nation spin into jobs. Jobs that mean paychecks for employees whom also spend their dollars locally, in housing, vehicles and other durable goods.”
- Madison County Chairman John Becker

 

In all, the Oneida Nation spent $207 million on vendors in New York – a more than 50 percent increase over 2017. That includes $99 million in Oneida, Madison and Onondaga counties, an increase of more than $30 million from 2017.

 

2018 Oneida Indian Nation
Vendor Spending in New York State

 

The Nation now contracts with more than 1,700 vendors in New York. These include everything from food producers, to IT firms to construction related companies.

In 2018, the Nation also paid more than $157 million to 4,750 employees – an increase from 2017.


Read More: Oneida Nation investing more in capital projects
From the Utica Observer-Dispatch

 

 

Post Date

Feb 4th 2019