Thursday, February 10, 2011

New Iowa Study Highlights Ethanol's Economic Impact

Iowa State University has released a study showing the potential impact of ethanol on the state's economy. The report shows that when 15 ethanol plans under construction in Iowa are ready for production, the new and current plants combined will have created 1,865 jobs in Iowa. According to the report, each job at an ethanol plant supports another 3.38 jobs in the Iowa economy, meaning a total of 8,169 jobs are expected to be supported by the ethanol industry. In all, ISU says 5,440 current ethanol-related jobs are contributing $245 million to the Iowa economy.

http://www.kcci.com/r/15274338/detail.html

http://www2.econ.iastate.edu/research/webpapers/paper_12865.pdf

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