Beer Industry Contributes $2 Billion Annually to Kentucky Economy
ALEXANDRIA, Va., May 23, 2017 /PRNewswire-USNewswire/ — A new economic impact study shows America’s beer industry – made up of brewers and importers; distributors; and retailers – contributes more than $2.1 billion annually to Kentucky’s economy and supports 17,191 jobs in the state.
Jointly commissioned by the National Beer Wholesalers Association (NBWA) and the Beer Institute, the study shows that the 17,191 jobs impacted by the beer industry in Kentucky account for $653 million in wages and benefits. The industry also generated $218 million in business and personal taxes and paid $193 million in consumption taxes in 2016.
NBWA President & CEO Craig Purser said, «America’s beer distributors are proud to provide nearly 135,000 jobs with solid wages and great benefits to employees at more than 3,000 facilities, located in every state and congressional district across the country. Independent beer distributors generate significant economic contributions in their communities through local business-to-business commerce, investments in local infrastructure and capital assets and tax revenue. Through a wide range of services, distributors work to build beer brands of all kinds – from large, familiar labels to start-up, craft brands and imports from around the world – and to deliver vast consumer choice in the marketplace.»
Beer Institute President & CEO Jim McGreevy said, «Beer serves America at virtually every level of the economy, from the nearly 2.23 million employees, to the small businesses in middle-class communities, and the important tax revenues at the local, state and national levels. From farmers to factory-workers, from brewery-hands to bartenders, beer puts Americans to work.»
According to the study, the beer industry generates more than $350 billion in economic activity, produces nearly $63 billion in tax revenue and supports 2.23 million jobs. Brewers and beer importers directly employ 64,745 Americans. About 58 percent of brewing jobs are linked to large and mid-sized brewers and beer importers, and independent beer distributors directly employ 134,240 Americans.
The Beer Serves America study was compiled by an independent economics firm John Dunham & Associates. It is the most comprehensive analysis of the industry available, using data collected directly from private companies, Dun & Bradstreet, the U.S. Bureau of Labor Statistics, the Alcohol Tobacco Tax and Trade Bureau (TTB) and the U.S. Bureau of Economic Analysis.
The National Beer Wholesalers Association (NBWA) represents the interests of America’s 3,300 licensed, independent beer distributor operations in every state, congressional district and media market across the country. Beer distributors are committed to ensuring alcohol is provided safely and responsibly to consumers of legal drinking age through the three-tier, state-based system of alcohol regulation and distribution. To learn more about America’s beer distributors, visit www.AmericasBeerDistributors.com. For additional updates from NBWA, follow @NBWABeer on Twitter, like NBWA on Facebook, follow NBWA on Instagram and subscribe to NBWA’s YouTube channel.
The Beer Institute is a national trade association for the American brewing industry, representing both large and small brewers, as well as importers and industry suppliers. First founded in 1862 as the U.S. Brewers Association, the Beer Institute is committed today to the development of sound public policy and to the values of civic duty and personal responsibility: www.BeerInstitute.org. Connect with us @BeerInstitute and on Facebook.
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SOURCE National Beer Wholesalers Association