Disney says it’s worth $40 billion to Florida economy

Thursday, 14 Nov, 2023 0

Disney has touted its worth at $40.3 billion to Florida as it battles the state’s takeover of its district.

Disney released a study conducted by Oxford Economics stating an economic impact of over $40 billion, and 263,000 jobs.

The company has four theme parks, 25 hotels, two water parks and a shopping and dining zone in the district near Orlando.

The study commissioned by Disney, is based on 2022 data.

Disney says it directly accounts for one in eight jobs.

The battle between Gov, Ron DeSantis’ administration and the company was sparked by Disney’s opposition to Florida’s so-called ‘Don’t Say Gay’ law.

It has led to both suing each other.

Disney recently ditched plans to add 2,000 jobs by relocating workers from Southern California but has indicated it still plans to invest billions more in Florida if the business environment is conducive.

Disney is battling DeSantis over management of the formerly known Reedy Creek Improvement District.

It is now called the Central Florida Tourism Oversight District currently controlled by DeSantis appointees.

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

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