The Ohio ethanol industry released the results of an economic impact study today showing that the ethanol industry has supported more than 13,000 jobs and invested $2.8 billion in the state since 2008 through the construction and operation of ethanol facilities. The study, conducted by researchers at Ohio State University’s Extension Community Development Office, is the first detailed look at Ohio ethanol operations since the state’s six plants became operational in 2008.
The study found that each year ethanol operations in Ohio produce an estimated $433 million in economic output and generate an additional $103 million in direct income for Ohio households. While the chemical industry is one of the largest benefactors of ethanol’s presence ($40.6 million), the report also showed a large impact on 20 other industry sectors including: restaurants ($1.6 million), doctors ($2.7 million) and even automotive repair ($963,071).
“Ohio ethanol isn’t just about corn farming,” said Mark Borer, president of the Ohio Ethanol Producers Association.… Continue readingRead More »