That’s the word from the National Beer Wholesalers Association and the Beer Institute, which also said that the industry provides 69,518 jobs.
Beer distributors, brewer suppliers and retailers all contribute to the economy in Colorado, said Phil Terry, chairman of the NBWA.
“Brewers in Colorado have long been a driving force in their communities … by creating jobs and tax revenue for public services, ” he said. “As privately owned businesses, beer distributors are invested in their communities and work hard to ensure the effective state-based system of alcohol regulation.”
According to the study, the beer industry contributes more than $198 billion annually to the U.S. economy, provides nearly 1.9 million jobs, and generating nearly $62 billion in wages and benefits.
“These numbers demonstrate that our industry is essential to several sectors of the U.S. economy, particularly as the nation struggles to regain its footing in this uncertain climate,” said Jeff Becker, president of the Beer Institute.
And locally, the uncertain economic times have not translated into bad times for the brewing industry.
At Phantom Canyon, a local brewer, people are still trying new beers. Phantom Canyon employs two brewers, master brewer Andy Bradley and an assistant.
“The beauty of being a brew pub is that we can try out different things, and see what our customers like,” said Bradley, who’s worked at Phantom Canyon for 13 years. “We’re planning some nice, crisp, light beers for spring and summer.”