Report: US Industrial Bioeconomy Supports Nearly 644,000 Jobs – AEM

The report also found that the average industrial bioeconomy worker took home $133,600 in annual wages and that each direct job in the sector generated or supported more than 11 additional jobs in indirect ways, such as purchasing raw materials, including agricultural and other inputs.

“Compared to other industrial sectors, the expanded domestic supply chain of the U.S. industrial bioeconomy generates enormous secondary economic benefits,” the authors wrote. “This is particularly true for employment in the country, where each direct job provides 11.08 additional indirect and induced jobs (total employment multiplier is 12.08). For comparison, the employment multiplier for the solar PV sector is 6.50 and the employment multiplier for the wind turbine sector is 3.73.”

The report was commissioned by a coalition of leading innovators, manufacturers and industry associations committed to advancing the U.S. bioeconomy. Supporters include the Equipment Manufacturers Association, Clean Fuels Alliance America, National Corn Growers Association, Growth Energy, Renewable Fuels Association, ADM, Aemetis, Bayer, Bunge, Marquis Energy, Novonesis and POET.

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