According to an economic analysis from Cardno ENTRIX, unveiled during the 2011 National Ethanol Conference, John Urbanchuk 70,600 Americans are employed directly in the production of ethanol and in industries providing goods and services to ethanol producers. Today, there are ethanol plants either operational or in construction in 29 states, and as a result of the economic activity generated by ethanol production, more than 400,000 Americans have been able to keep their jobs or find new ones.
Also according to the report, ethanol production is contributing to our nation’s financial well-being. In 2010, the report calculated that ethanol production contributed $53.6 billion to the national Gross Domestic Product and added $36 billion to American household incomes. It also discovered that the increased economic activity and income generated by America’s ethanol industry added nearly $12 billion to federal, state and local governments through increased tax revenue.
In another area, the report found that the production of 13 billion gallons of ethanol equated to the importation of 445 million less barrels of oil in 2010 used to refine gasoline. To give you a comparison, this is more oil than America imports from Saudi Arabia annually, and displacing these barrels of oil saved the U.S. $34 billion last year.
“The investments we have made in our domestic ethanol industry are paying dividends in thousands of communities all across the nation,” said Renewable Fuels Association President and CEO Bob Dinneen. “The jobs, economic activity, and energy security benefits we are witnessing today thanks to a commitment to renewable alternatives to imported oil are just scratching the surface. Continued innovation in ethanol technologies along with a renewed commitment to giving Americans more control over their energy future will create hundreds of thousands of more jobs and put America back in business as a leader in energy innovation.”