NEWS RELEASE: Historic Huguenot Street Completes Economic Impact Study Funded by the Museum Association of New York
HHS Contributes Over $1 million to Ulster County Economy
NEW PALTZ, NY (January 9, 2016) – Last year, Historic Huguenot Street was awarded $4,000 from the Museum Association of New York in order to conduct an economic impact study, which was recently completed by Fairweather Consulting. According to the report, as of November 2016, Historic Huguenot Street currently supports at least 13 jobs in Ulster County and contributes over $1 million to the county’s economy. The report indicates that Historic Huguenot Street has the potential to contribute 30 jobs and $1.8 million to the county as non-local visitation increases.
“We pursued this study to improve our understanding of the contributions Historic Huguenot Street makes to the local economy,” said Mary Etta Schneider, Board Chair. “Thanks to the generosity of the Museum Association of New York, we have identified both our current position and our potential for greater contributions.”
As a long-standing National Historic Landmark District, Historic Huguenot Street functions as a cultural anchor for tourism in Ulster County and an emerging national destination for heritage tourism with the potential to draw more and more visitors from across the nation and the globe. Having quantified its local impact will help Historic Huguenot Street strategize for future growth and improvements within the community.
A National Historic Landmark District, Historic Huguenot Street is a 501(c)3 non-profit that encompasses 30 buildings across 10 acres that was the heart of the original 1678 New Paltz settlement, including seven stone houses that date to the early eighteenth century. It was founded in 1894 as the Huguenot Patriotic, Historical, and Monumental Society to preserve the nationally acclaimed collection of stone houses. Since then, Historic Huguenot Street has grown into an innovative museum, chartered as an educational corporation by the University of the State of New York, that is dedicated to protecting our historic buildings, conserving an important collection of artifacts and manuscripts, and promoting the stories of the Huguenot Street families, from the sixteenth century to today.
Director of Marketing & Communications