New York’s still-young craft distilling industry generates billions of dollars, study says
Updated Feb 03, 2021;
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New York’s distilled spirits industry, a sort of younger sibling to the state’s established beer and wine industries, is growing fast and generating billions of dollars in economic impact for the state, a new study says.
The distilleries, combined with retailers, wholesalers and suppliers, create $4.4 billion in overall annual economic activity through June 2020, according to report conducted by John Dunham & Associates of New York City for the New York State Distillers Guild. Of that, $3.2 million “impacted New York state directly,” the report said.
New York Craft Distillers Generate Economic Impact of $4.4 Billion With $3.2 Billion In New York State February 02, 2021
ROSCOE, NY, February 1, 2021 – Today, the New York State Distillers Guild, the trade association of distilled spirits producers in New York State, releases its 2020 Economic Impact Study of the New York State Distilled Spirits Industry. Prepared by John Dunham & Associates (JDA), the study evaluates the contributions of New York’s distilling industry from 2019- June 2020 across several focus areas, including manufacturing, agriculture, tourism, hospitality, and retail.
New York’s craft distilling industry has been thriving in recent years and now features over 160 active craft distilleries, which is a 60 percent increase in the number of distilleries since 2016. This extraordinary growth reflects the efficacy of New York State’s forward-thinking economic and legislative policies for craft beverage producers.
New York distillers add $4.4bn to economy 2nd February, 2021 by Owen Bellwood
Distilleries across the state of New York have contributed US$4.4 billion to the economy and created more than 11,000 jobs, a new report has found.
Distillers across the state of New York contributed US$4.4 billion to the economy
Trade association the New York State Distillers Guild released its
2020 Economic Impact Study of the New York State Distilled Spirits Industry. The report analysed the contributions of the state’s spirits industry between 2019 and June 2020 and encompasses findings from both 2019 and data prior to Covid-19.
Prepared by John Dunham & Associates, the report evaluates the contributions of New York’s distilling industry across areas such as manufacturing, agriculture, tourism, hospitality, and retail. It found that the spirits industry supports an economic output of US$4.4bn, of which US$3.2bn impacts the state directly.