At $14 Billion, Beer is Big Business for Florida
Source: Tampa Bay Times | By: Michael Auslen
Florida loves a cold brew — a lot, according to a new study that says beer pumps $14 billion into the state’s economy every year.
The beer industry accounts for more than $5 billion in wages and benefits for more than 125,000 jobs in the state, according to the study commissioned by the Beer Institute and National Beer Wholesalers Association, an industry group of distributors who transport bottles, cans and kegs from breweries to stores and bars. And the industry brought in $3 billion in tax revenues to state coffers last year.
“Beer is more than our nation’s favorite adult drink — it is a powerhouse in job creation, commercial activity and tax revenue,” Jim McGreevy, Beer Institute president and CEO, said in a statement.
Much of that impact can be attributed to big names like Budweiser and MillerCoors, which account for most of the beer consumed in the U.S., even as craft breweries continue to boom.
According to the Beer Institute study, 70 percent of brewing jobs in the U.S. are with large and medium-sized breweries, and the distributors have increased their employment by 20 percent in the last decade.