Business & Tech
Beer is Big Business in Congressional District 18, New Report Says
The beer industry has a $15 billion economic impact on New York, according to a new study, Beer Serves America.
Written by Beth Dalbey and Brian McCready
Beer is big business in the United State and of course New York.
That’s according to the Beer Serves America report recently released at a congressional hearing by the Beer Institute and National Beer Wholesalers Association.
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The study showed the beer industry had a $15.3 billion dollar impact on New York in 2014, provided more than 85,792 direct and indirect jobs paying $5 billion in wages, and generated more than $432.9 million in federal, state and local tax revenue.
The jobs are across several sectors, including agriculture, mining, construction, real estate, manufacturing, retail, transportation, travel and entertainment, and wholesale.
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In New York, the top beer-related jobs are in business and personal services, finance insurance and real estate and, manufacturing general.
For the 18th Congressional District, which includes Putnam County, the report estimates that beer supports 1,684 direct jobs, paying $77.3 million in wages with an economic output of $260,746,700.
Nationally, the beer industry represented 1.5 percent of the nation’s Gross Domestic Product in 2014, and had a $253 billion economic impact. More than 1.75 million Americans are employed directly or indirectly by the beer industry.
Also nationally, local state and federal taxes amounted to more than $48.5 billion in 2014, including taxes on sales, gross receipts and revenue collected from state and federal excise taxes on beer.
To find information specific to any congressional district, click here.
PHOTO: Beer is a pretty big deal in New York, where more than 48,139 jobs are a direct result of the beer industry, according to a new report from the Beer Institute and National Beer Wholesalers Association. (Photo by Joel Olives via Flickr)
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