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Article: Wine Industry Pumps $162B Into Economy
- Article from:
- AP Online
- Article date:
- January 18, 2007
CopyrightCopyright 2007 Associated Press/AP Online. This material is published under license from the publisher through YellowBrix, Alexandria, Virginia. All inquiries regarding rights should be directed to YellowBrix. (Hide copyright information)
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ROCHESTER, N.Y. - With 935,000 acres of vineyards and grape farms, nearly 5,000 wineries and 1.1 million jobs, the wine-and-grape industry sends an estimated $162 billion rippling through the U.S. economy each year, a consulting firm said.
Wineries were the biggest contributors, generating $11.4 billion in sales, an industry-commissioned study by MKF Research LLC found. But wine, grapes and related foods and drinks also had a far-reaching economic effect on a wide array of businesses, from tourism and agriculture to trucking and real estate.
"It generates a lot of employment, pays a lot of taxes, involves thousands and thousands of people across the country," Barbara Insel, managing ...