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MyMCMedia.com: Study Shows Maryland Brewers Generated $637 Million and 6,500 Jobs in 2016
October 25, 2017
An economic impact study conducted by the Bureau of Revenue Estimates found that Maryland brewers generated more than $637 million and supported 6,541 jobs in 2016.
When the sale and distribution activity of non-Maryland craft beer was included in the projection, the estimated economic impact grew to more than $800 million.
The study was released during a Reform on Tap Task Force meeting on Wednesday, according to a news release.
The task force, chaired by Maryland Comptroller Peter Franchot, comprises 40 members representing key stakeholder groups within the beer industry. The task force’s goal is to review Maryland state laws that govern the manufacturing, distribution, and sale of Maryland craft beer to help grow the state’s craft beer industry.
“The craft beer industry is one of our state’s most important and fastest growing economic engines,” said Franchot. “However, the fact that we lag so far behind our neighboring states is a reminder that we can do so much better. That is why it is critical that we reform, from top-to-bottom, the outdated laws that have restricted the growth of this industry for too long.”
In addition to supporting jobs and the economy, the study found the beer craft industry contributed more than $53 million in state and local revenues and $55 million in federal revenues, which directly supports investments in education, public safety, transportation and the environment.