Ethanol Facts: Economy
The economic impact of domestic ethanol production is felt far outside the biorefinery. In hundreds of communities across the nation, ethanol production is creating well paying jobs where jobs are too often few and far between.
FACT: In 2014, the production of 14.3 billion gallons of ethanol supported 83,949 direct jobs in the renewable fuel and agriculture industries in the U.S., as well as 295,265 indirect and induced jobs across all sectors of the economy.
Source: Contribution of the Ethanol Industry to the Economy of the United States in 2014
FACT: Ethanol industry jobs have proven to be stable, well-paid, fulfilling, and safe.
A recent survey of ethanol industry employees found that 91% of respondents were "satisfied" with their jobs. "The ethanol industry has been very positive to the entire Midwest. The communities that were once becoming ghost towns are now thriving, and I am seeing yhoung people interested in agriculture again." - Reed Kuper, Iowa realtor
FACT: Rural counties with ethanol plants can attribute 32% of county-wide employment growth from 2000-2008 to the development and operation of the ethanol biorefinery.
FACT: In 2014, the U.S. ethanol industry added $53 billion to the nation's Gross Domestic Product (GDP) and paid $10.3 billion in taxes. The sector's economic activity and job creation helped raise household income $26.7 billion.
The U.S. ethanol industry spent $27.8 billion on raw materials, other inputs, and goods and services. The production of ethanol, distillers grains, corn oil, and other products at the nation's ethanol biorefinieries create tens of billions of dollars in value. Moreover, the value-added market for grains and other feedstocks helped strengthen those markets for farmers. Additionally, these products represent a growing export opportunity.
As U.S. ethanol goes global, so too does the industry's economic impact. Moving more than 800 million gallons of U.S. ethanol to destinations around the world supports countless jobs related to transportation and logistics, port operations, customs administration, and other key tasks.
Last updated: March 2015