Bottoms Up! Study Finds Florida Beer Industry Taps in $14 billion to State Economy
Source: SaintPetersBlog | By: Peter Schorsch
Florida is a thirsty state, and one of its favorite beverages is beer.
For the Sunshine State, a fast-growing beer industry has developed into a strong economic engine, one that pumps billions into the state’s economy, with more than 125,000 jobs, says a new report unveiled Tuesday.
Brewers, importers, distributors, suppliers and retailers contribute more than $14 billion annually to Florida’s economy, supporting 125,402 local jobs, according to “Beer Serves America” – an in-depth study of the U.S. beer industry.
The report, jointly compiled by the National Beer Wholesalers Association (NBWA) and The Beer Institute, shows that the industry is responsible for more than $5 billion in wages and benefits, as well as $3 billion in business, personal and consumption taxes in 2014.
“It can be said that beer truly serves America,” said Beer Institute CEO Jim McGreevy. “Beer is more than our nation’s favorite adult drink – it is a powerhouse in job creation, commercial activity, and tax revenue.”