| Make foodmate.com your Homepage | Wap | Archiver
Advanced Top
Search Promotion
Search Promotion
Post New Products
Post New Products
Business Center
Business Center
 
Current Position:Home » News » General News » Topic

US confectionery industry is a sweet spot for jobs and economy, claims NCA study

Zoom in font  Zoom out font Published: 2018-09-14  Views: 9
Core Tip: The National Confectioners Association (NCA) has published a new study examining how the sector impacts the US economy.
The National Confectioners Association (NCA) has published a new study examining how the sector impacts the US economy. At the same time, representatives from leading confectionery companies are in Washington for NCA’s 2018 Washington Forum, an annual fly-in program that connects the industry to members of Congress, government officials and other stakeholders.
 
According to the new NCA report, the confectionery industry helps to create more than 600,000 jobs. 
 
Manufacturers of chocolate, candy, gum and mints directly employ nearly 54,000 people across the US, with more than 550,000 jobs supported in related industries, including agriculture, retail, transportation and more. 
 
For every job created in confectionery manufacturing, another ten are supported in related industries, creating a 1:10 multiplier effect, it claims. 
 
“The candy industry is a bright spot in the US economy, fueling the American economy to the effect of more than US$44 billion,” says John Downs, NCA President and CEO.
 
“The industry spans the entire country, with nearly 1,300 manufacturing facilities in all 50 states.”
 
Confectionery executives will spend time on Capitol Hill advocating for the industry, sharing this new economic impact data.
 
In conjunction with the report, NCA has updated their dedicated economic impact digital hub, PowerOfSweet.com. This online resource provides more information about the industry’s impact at the national, state and community levels, including an interactive map that provides a deep dive into the data behind the economic impact. 
 
The research for NCA’s report was conducted by a New York-based economic research firm John Dunham & Associates.
 
“American economic output and job creation are an important contribution of the American confectionery industry,” John Dunham, Managing Partner of John Dunham & Associates, notes. “Chocolate and candy companies provide for US$35 billion in retail sales, US$13.3 billion in total taxes paid and US$1.8 billion in manufacturing exports. Additionally, the fact that there are ten jobs in retail, supplier and ancillary industries supported by each confectionery manufacturing employee cannot be ignored – these companies are creating jobs in hundreds of different industries.”
 
Beyond the economic impact, America’s leading chocolate and candy companies are committed to community engagement, responsible marketing and assisting consumers in managing their sugar intake.
 
 
[ News search ]  [ ]  [ Notify friends ]  [ Print ]  [ Close ]

 
 
0 in all [view all]  Related Comments

 
Hot Graphics
Hot News
Hot Topics
 
 
Powered by Global FoodMate
Message Center(0)