According to the annual economic impact analysis conducted by the Renewable Fuels Association and ABF Economics, low carbon fuel ethanol and its co-products contributed to the U.S. Economy as follows:
JOBS: 72,400 direct jobs / 328,000 indirect and induced for a total of 400,000 JOBS
GDP:the industry contributed $54.2 billion to the nation’s gross domestic product.
TAXES: $10.4 billion was generated in tax revenue for federal, state and local governments.
RAW Materials: $39 billion. ($32 billion in corn purchases)
The ethanol industry is the original creator of “Green Jobs” and with new technologies being deployed, it shall continue to support energy independence, reduce greenhouse gas emissions, and continue further wealth creation in agriculture and rural economies.