February 02, 2008

Biofuels Industry Added 10% to Iowa's 2007 GDP

A new study commissioned by the Iowa Renewable Fuels Association concluded that the biofuels industry added $12.7 billion, or about 10 percent, to Iowa GDP in 2007. Further economic benefits include...

  • Generate $2.9 billion of household income for Iowa households
  • Support the creation of more than 96,000 jobs through the entire Iowa economy
  • Generate nearly $790 million in state tax revenue.

Full Study

The study also lists the individual contributions made by the ethanol and biodiesel industries on the Iowa economy.

No comments:

Post a Comment