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September 26, 2017 - BREWBOUND: US Craft Beer Industry Contributes $68 Billion to Economy
Chris Funari

In just four years, the economic impact of small and independent U.S. craft brewers has doubled, according to an updated report issued by industry trade group the Brewers Association on Tuesday.

The study, which was based on two national surveys as well as other government and market data, found that the U.S. craft brewing industry, as defined by the BA, contributed $67.8 billion to the U.S. economy in 2016.

It was also responsible for more than 456,000 full-time jobs in 2016, the BA said, with breweries and brewpubs creating more than 128,000 of those positions.

“As consumers continue to demand a wide range of high-quality, full-flavored beers, small and independent craft brewers are meeting this growing demand with innovative offerings, creating high levels of economic value in the process,” BA chief economist Bart Watson said.

According to the organization, small brewers’ economic impact has increased 21.7 since 2014, when the industry contributed $55.7 billion to the U.S. economy and provided more than 424,000 jobs.