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» Beverage Industry News » Beer Good for the Economy

Beer Good for the Economy

Beverage Industry News» Beverage Industry Newsposted Apr 9th, 2009 11:02:31PM by pbrewadmin

Beer industry contributes $198 billion to US economy

A new economic impact study shows America’s beer industry, made up of brewers, beer importers, beer distributors, brewer suppliers and retailers, directly and indirectly contributes more than $198 billion annually to the U.S. economy.

The study, commissioned by the Beer Institute and the National Beer Wholesalers Association (NBWA), also shows that the industry provides nearly 1.9 million jobs — generating nearly $62 billion in wages and benefits. The industry also paid $41 billion in business, personal and consumption taxes in 2008.

According to the study, the beer industry directly employs more than one million people, paying $28 billion in wages. Beer sales help support roughly 888,000 retail jobs, including those at supermarkets, convenience stores, restaurants, bars, stadiums, and other outlets and generate more than $25 billion in economic activity in agriculture and manufacturing sectors

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pbrewadmin

Posted by pbrewadmin

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