New York City and L.A. Remain Epicenters In The Ad Biz

The Advertising Coalition, comprised of leading trade associations, media and marketing companies, commissioned a comprehensive study to assess advertising’s economic impact across 52 industries and state and national governments.
The study found that US businesses spend $279 billion in advertising annually and that each dollar spent on advertising generates nearly $20 of economic output. When you use that multiplier to calculate advertising’s total impact, the numbers become dizzying to consider. For instance, in the U.S. advertising expenditures overall account for $5.8 trillion of the $29.6 trillion in total US economic output, nearly 20 percent of the country’s economic activity.
The study also examined which U.S. cities’ advertising expenditures have the greatest impact on jobs and the economy:
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About David Burn

I wrote my first ad for a political candidate when I was 17 years old. She won her race and I felt the seductive power of advertising for the first time. Today—after working for seven agencies in five states—I am head of brand strategy and creative at Bonehook in Portland, Oregon.