A new report details how renewable fuels like homegrown ethanol generates billions of dollars for the Minnesota economy and supports thousands of jobs.
According to the Fuels America study, the renewable fuels sector in Minnesota generates:
- $11.7 billion in economic output annually
- Supports 48,506 jobs
- Generates $3 billion in annual wages
- Contributes $1.1 billion each year in state and federal taxes
To break down the numbers by Minnesota congressional district, use this interactive map on the Fuels America website.
Nationally, renewable fuels drives $184.5 billion of economic output, supports over 852,000 jobs and generates $14.5 billion in annual tax revenue.
“This investment creates a ripple effect as supplier firms and employees re-spend throughout the economy,” the analysis concludes. You can read the study’s methodology here.
The study also confirms what we’ve known all along: Now is not the time to give into Big Oil and slash the Renewable Fuel Standard (RFS), reducing the amount of renewable ethanol blended into gasoline. Ethanol and other renewable fuels make too much of a positive impact on both the air we breathe and our economy to reverse course now.