Drink Life Beverages

The Wine Industry Will Generate More Than $276 Billion for

The wine industry is booming in the United States — and a new study funded by nonprofit WineAmerica

It includes a state-by-state report outlining the various economic impacts of wine production, shipping, distribution, and retail

The comprehensive study also includes on-premise consumption in its data collection

28 percent of the United States’ gross domestic product (GDP), according to the report

Wine-related endeavors also contribute a hefty number of tax dollars to the economy

Economic research firm John Dunham & Associates conducted the study using econometric models developed by the U

07 billion in total economic activity, dramatically illustrating that wine is the ultimate value-added beverage

The broader economic impact flows throughout the nation, generating business for firms seemingly unrelated to the wine

So go ahead and buy that bottle you’ve been coveting — if only to support the economy