Beer industry contributes $6.7B annually to N.J.’s economy

A new study on the beer industry in New Jersey has been released just in time for Memorial Day, known as one of the top beer selling holiday’s of the year and the kickoff to the summer beer selling season.

The economic impact study, jointly commissioned by the National Beer Wholesalers Association  and the Beer Institute, showed America’s beer industry contributes $6.7 billion annually to the state’s economy and supports 45,546 jobs in the state. Those jobs, it said, account for $2.3 billion each year in wages.

The industry also generated $1.2 billion annually in business, personal and consumption taxes.

“America’s 3,000 independent beer distribution companies are proud to employ 141,600 hardworking Americans with jobs that pay a collective $9.5 billion in wages, offer solid benefits and provide the opportunity for advancement. Independent beer distributors are Main Street businesses whose economic contributions are felt in every community and congressional district across the country as they work with brewers large and small to grow brands and safely deliver America’s favorite alcohol beverage to more than 640,000 licensed retailers nationwide,” NBWA CEO and President Craig Purser said.

According to the study, the beer industry in the United States generates $328 billion in economic activity, produces $58.6 billion in tax revenue and supports 2 million jobs.

“Beer is more than America’s most popular alcohol beverage. … Beer Serves America demonstrates how brewers, beer importers and beer industry suppliers are creating jobs, providing wages and benefits to working Americans and supporting the economy in every state and every congressional district,” Beer Institute CEO and President Jim McGreevy said.