When Ethanol Comes to Town
Posted: March 6, 2008
When ethanol comes to town, things change.
The Renewable Fuels Association last week released the results of an economic analysis conducted by John Urbanchuk of LECG, LLC, a global expert services consulting firm. The report focused on the impact of the U.S. ethanol industry in 2007.
The analysis determined that the “increase in economic activity resulting from ongoing production and construction of new capacity supported the creation of 238,541 jobs in all sectors of the economy during 2007. These include more than 46,000 jobs in America’s manufacturing sector — American jobs making ethanol from grain produced by American farmers.” The goods and services required to produce the estimated 6.5 billion gallons in 2007 added $47.6 billion to the Gross Domestic Product and raised household incomes by $12.3 billion.
You can read the full release here (pdf).
Chuck Zimmerman interviewed John about the report, which you can listen to here:
The cartoon is courtesy of Renewable Fuels Now.