RFA study says ethanol supported nearly 340,000 jobs in 2016

In Washington, a new report commissioned by the Renewable Fuels Agency says the U.S. ethanol industry added $42.1 billion to the nation’s gross domestic product and supported nearly 340,000 jobs in 2016.

According to the analysis, the production and use of 15.25 billion gallons of ethanol last year also:

• ¥ contributed nearly $14.4 billion to the U.S. economy from manufacturing;
• ¥ added more than $22.5 billion in income for American households;
• ¥ generated an estimated $4.9 billion in tax revenue to the Federal Treasury and $3.6 billion in revenue to state and local governments;
• ¥ displaced 510 million barrels of imported oil, keeping $20.1 billion in the U.S. economy