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NEW YORK The advertising industry will contribute about $151 billion and 679,000 jobs to the New York City economy, mostly due to increased sales generated by ads, according to a study financed by the Advertising Tax Coalition, an organization of nine national media and ad trade associations.
The study, conducted by Michael J. Raimondi of Global Insight, reached beyond the direct impact of advertising agency and media supply jobs to the retail and service jobs generated by sales increased by advertising.
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