Craft breweries pump $3 billion into California economy

The California craft brewing industry generated approximately $3 billion in total impact to the state’s economy, a press release from the Craft Brewing Association revealed. Citing a 2012 study sponsored by the CCBA in conjunction with the University of California, CCBA president Steve Wagner of Stone Brewing said:

“The craft brewing industry is thriving in California, generating approximately $3 billion in total economic impact and creating 22,000 jobs in 2011 despite being on the heels of the most significant recession since the Great Depression. The California craft brewing industry is an integral part of the state’s economy – making up more than 1.5% of total economic output.

“California’s craft brewers have prospered through difficult economic times, but the industry remains dependent on the support of the state’s leadership to ensure these small and independently owned businesses have the freedom necessary to expand while adding jobs and supporting their communities.”

CCBA Executive Director Tom McCormick added:

“As the craft brewing industry continues to grow – adding more jobs and generating more tax revenue – so will its positive impact to California and the local communities that are home to our craft brewers. California’s craft brewers generated approximately $400 million in local, state and federal tax revenue in 2011 while the industry grew by 13% in production and 15% in dollars compared to 2010.”