West Virginia Beer Distributors Generate 898 Direct Jobs, $246 Million In Total Economic Impacts
New Study Measures Jobs, Economic Impact and Community Service
ALEXANDRIA, Va., Feb. 7, 2013 /PRNewswire-USNewswire/ -- A new economic impact report released by the National Beer Wholesalers Association (NBWA) – America's Beer Distributors: Fueling Jobs, Generating Economic Growth & Delivering Value to Local Communities – provides the first-ever comprehensive report on beer distribution companies' total impact on national and state economies.
(Photo: http://photos.prnewswire.com/prnh/20130207/DC56403-INFO)
The report, produced by Dr. Bill Latham and Dr. Ken Lewis of the Center for Applied Business & Economic Research at the University of Delaware, provides an in-depth view of beer distributors' economic contributions by taking into account how beer distributor activities are intertwined with many parts of the economy, especially the personal services sector. The report also accounts for the amount of resources contributed by beer distributors in supporting community events and local economic development, contributing to charitable causes and promoting responsible alcohol use and adds the impacts of these activities to the usual impacts of distributor operations. Key findings of the study include:- West Virginia beer distributors directly employ 898 people.
- When the impacts of West Virginia distributor operations, capital investment and community involvement are considered, the total number of impact jobs exceeds 1,812.
- West Virginia beer distributors generate $246 million in total economic impacts.
- West Virginia beer distributor activities contribute $54 million to the federal, state and local tax bases. This does not include an added $66 million in federal, state and local alcohol excise and consumption taxes on beer sold in West Virginia.
- The West Virginia beer distribution industry contributes more than $50 million in transportation efficiencies for the beer industry each year.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
TheStreet Quant Ratings
TRY IT FREENew! $49.95/yr
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
Product Features:
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Dividend Stock Advisor
TRY IT FREEJim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
