NY grape, wine industry worth $4.8B, report says
Thursday, February 20, 2014
grape, wine industry worth $4.8B, report says
Democrat & Chronicle
report based on 2012 data shows that New York's grape and wine industry
contributes $4.8 billion to the state's economy, an increase of 27 percent over
a similar survey four years earlier.
impact is broad, according to the trade and marketing association affiliated
with the industry.
is the ultimate value-added product with huge economic multiplier effects for
many affiliated industries like farm equipment, tank and barrel manufacturers,
packaging, transportation, tourism, and much more," said Jim Trezise,
president of the New York Wine & Grape Foundation, in a newsletter announcing
the findings. "The state of New York, especially in recent years, has been
a great partner with our industry, and clearly their investment is paying off
said that because of the industry's burgeoning growth in 2013, the report's
figures should be considered conservative. The report was prepared by
Stonebridge Research Group of Napa Valley for the foundation.
report also said the industry supports the equivalent of nearly 25,000
full-time jobs, pays $408.2 million in taxes, and generates 5.29 million
wine-related tourism visits.