Economic Impact : QUICK FACTS
- In Indiana the state capacity of ethanol is 980 million gallons.
- Indiana produces 7% of the national capacity and is 6th in production.
- This translates into $1.5 billion in Direct Capital Investment from state ethanol facilities.
- One ethanol job produces 6 additional jobs; ex. 550 ethanol jobs = 3,500 indirect full-time jobs.
- Ethanol jobs have brought about a $255 million increase in household income, $48 million increase in state & local taxes, $499 million increase in Indiana's Gross State Product, and $615 million equity increase in farmland appreciation.
- A majority of Hoosiers believe that alternative fuels . . .
- have a positive impact on the state's economy
- lessen foreign oil dependency
- are better for the environment
- should be supported by the government for further development
To learn more about the economic impact that ethanol has on Indiana, please click here. |