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America’s Beer, Wine & Spirits Retailers Create 2.03 Million Jobs & $122.63 Billion in Direct Economic Impact

October 24, 2018

BETHESDA, MD – OCTOBER 23, 2018 – As the American economy continues to grow, a new economic impact report released today details the significant impact that America’s beer, wine and spirits retailers have on their local, state and national economies through job creation, direct economic impact and the generation of tax revenues.

The 2018 Economic Impact Study of America’s Beer, Wine & Spirits Retailers provides an indepth look at the important role that beverage licensees play by creating more than 2.03 million jobs from direct retail alcohol sales and paying more than $47.9 billion in local, state and federal taxes. The direct economic impact of America’s beer, wine and spirits retail industry is more than $122.63 billion annually; the total economic impact of the industry is $363.33 billion annually; and the industry is responsible for 1.65 percent of the U.S. economy based on total GDP. 

“Now in its fourth iteration, this independent economic impact report confirms the value licensed beverage retailers provide to their communities and adds an economic chapter to the success story of a beverage alcohol marketplace that delivers more choice to consumers than ever before,” said ABL Executive Director John Bodnovich. “As grassroots advocates for the thriving hospitality industry, independent beverage licensees frequently share the stories of their Main Street businesses and how they are part of the civic fabric of their hometowns. This report underscores their remarkable impact as employers, taxpayers and economic engines at the local, state and national levels.”

 

Read the full story (PDF)

 

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