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January 19, 2007

Wine packs big economic punch: $162B annual impact on the U.S.

  • Jim Trezise, president of the New York Wine & Grape Foundation, said a recent study shows the industry is even “more important than we thought it was.”
    • By BEN DOBBIN
    Associated Press Writer

    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.


     
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