Sticker Mule Claims $2.7 Billion Economic Boost for New York State

The analysis, led by Epsilon Economics researchers Ryan Smart, Joe Hale, and Jeremy De Gracia, utilized IMPLAN modeling to track the ripple effects of the company’s expansion. Beyond direct spending on wages and operations, the study highlights $642 million in indirect supply chain expenditures and $387 million in induced spending by employees across sectors ranging from real estate to local hospitality. Since 2015, the manufacturer has funneled over $81 million into its New York infrastructure, including production machinery and facility development.

For CEO Anthony Constantino, the findings serve as a rebuttal to long-standing narratives about the decline of manufacturing in the region. The printing industry captured the largest share of the economic benefit, accounting for $1.6 billion of the total impact. While the company maintains international facilities in South Carolina and Italy, the report underscores the role of its Amsterdam headquarters in driving regional growth, particularly through community-focused investments in youth sports and local services.