Study shows Minnesota’s ethanol industry added $2.1 billion to state’s 2015 GDP

March 15, 2016 |

In Minnesota, a new study prepared for the Minnesota Biofuels Association shows the state’s ethanol industry spent approximately $2.1 billion on raw materials (mostly corn), other inputs, goods and services to produce ethanol and primary co-products DDGS and corn refiner’s oil in 2015.  When the impact of these expenditures circulate fully through the Minnesota economy, the ethanol industry generated $7.4 billion in gross sales for Minnesota businesses. It accounted for more than $2.1 billion in state GDP, generated $1.6 billion worth of income for Minnesota households, and supported more than 18,100 full-time jobs in the state, while contributing $93 million to state and local government tax rolls.

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Category: Fuels

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