Iowa wineries buoy economy by $234 million: report analyzes full impact of wine and grape industry on state employment, taxes.
Des Moines, Iowa--Iowa may not be the largest wine-producing state in the country, but it is growing rapidly. A new report, "The Economic Impact of Iowa Wine and Vineyards--2008," just released by the Iowa Wine & Beer Promotion Board, shows that in 2008 there were 74 wineries in Iowa, an increase of nearly 125% in five years. In addition, in the same time frame, the number of vineyards increased by 100%, from 200 to 400, and there are currently 1,000 acres of vineyard. Currently, Wines & Vines' IndustryBase lists 81 wineries in Iowa.
The full monetary impact of wine and vineyards on Iowa's economy totals $234.3 million. Iowa wineries produced 186,700 gallons of wine with a retail value of $7.6 million and provided 1,777 full-time jobs with $50 million paid in wages. There were 237,000 wine-related tourists, and wine-related tourism expenditures totaled $27.5 million.
State and local agencies were paid $14.5 million in taxes, while the state wine and grape economy paid $13.7 million in federal taxes.
The study was commissioned by the Iowa Wine & Beer Promotion Board in conjunction with the Iowa Department of Economic Development and was prepared by MKF Research in St. Helena, Calif.
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|Comment:||Iowa wineries buoy economy by $234 million: report analyzes full impact of wine and grape industry on state employment, taxes.(WineEastNews)|
|Author:||McKee, Linda Jones|
|Publication:||Wines & Vines|
|Date:||Aug 1, 2010|
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