Vermont Wine Industry

Vermont
Economic Impact Study
2022

WineAmerica, the National Association of American Wineries in Washington, commissioned a 2022 National Economic Impact Study of the Wine Industry by John Dunham & Associates. The study shows that the Vermont wine industry generated nearly $563 million for the American economy in 2022. Since all 50 states produce and consume wine, the study includes detailed data for each state. Below is the information for Vermont.

Utah Wine Industry Highlights

Total
Output

The wine industry generates close to $562.84 million in total economic activity in the State of Vermont, dramatically illustrating that wine is the ultimate value-added beverage. The broader economic impact flows throughout the state, generating business for firms seemingly unrelated to the wine industry. Real people, with real jobs, working in industries as varied as farming, banking, accounting, manufacturing, packaging, transportation, printing, and advertising depend on the wine industry for their livelihoods.

State
Reach

The Vermont wine industry includes a total of 28 wine producers¹ as well as 92 acres of vineyards.

Job
Creation

The Vermont wine industry directly employs as many as 2,420 people, and generates an additional 720 jobs in supplier and ancillary industries which supply goods and services to the industry, and whose sales depend on the wine industry’s economic activity. Ultimately, 4,210 jobs are created and supported by the wine industry.

Wage
Generation

The Vermont wine industry provides good jobs, paying an average of $46,800 in annual wages and benefits. The total wages generated by direct, indirect, and induced economic activity driven by the wine industry are $196.90 million

Tourist
Activity

The Vermont wine industry is a major magnet for tourists and tourism-driven expenses. Vermont’s “wine country” regions generates 2500 tourist visits and $837,300 in annual tourism expenditures, benefiting local economies and tax bases.

Tax
Revenue

The Vermont wine industry generates sizeable tax revenues on the local, state, and national levels. In 2022, the industry will pay nearly $21.35 million in state and local taxes, and $30.80 million in federal taxes for a total of $52.15 million. In addition, the industry generates approximately $2.96 million federal consumption taxes and $26.38 million in state consumption taxes which include excise and sales taxes

1 – Throughout this study, the winery count refers to the number of winery facilities. A single winery may have multiple facilities throughout the state or country. Each of these facilities is included in the winery count.

Economic Impact of the Vermont Wine Industry in 2022

Direct Economic ImpactJobsWagesOutput
Winery 98 $ 5,936,500 $ 31,860,600
Vineyard 2 $ 42,100 $ 87,800
Wholesale 183 $ 13,966,500 $ 51,714,200
Retail 2,126 $ 74,514,200 $ 160,929,200
Association - $ - $ -
Research and Education 2 $ 148,100 $ 378,600
Tourism 9 $ 249,100 $ 636,400
Total Direct Impact 2,420 $ 94,856,500 $ 245,606,800
Supplier Impact JobsWagesOutput
Agriculture 49 $ 1,020,500 $ 3,219,100
Business and Personal Services 246 $ 16,962,100 $ 32,430,800
Construction Jobs 9 $ 514,800 $ 1,707,200
Finance, Insurance and Real Estate 119 $ 3,951,800 $ 26,017,300
Government 20 $ 1,862,800 $ 3,003,500
Manufacturing 60 $ 4,383,100 $ 28,384,300
Mining 1 $ 46,200 $ 375,000
Other - $ - $ -
Retailing 14 $ 602,800 $ 1,526,600
Transportation and Communication 107 $ 8,615,300 $ 29,931,400
Travel and Entertainment 55 $ 1,624,600 $ 3,168,900
Wholesaling 40 $ 3,293,100 $ 10,691,800
Total Supplier Impact 720 $ 42,877,100 $ 140,455,900
Induced Economic ImpactJobsWagesOutput
Agriculture 31 $ 749,600 $ 2,361,100
Business and Personal Services 469 $ 29,633,900 $ 53,108,300
Construction 9 $ 490,100 $ 1,659,600
Finance, Insurance and Real Estate 101 $ 5,032,200 $ 40,867,200
Government 10 $ 999,800 $ 2,245,500
Manufacturing 49 $ 3,219,300 $ 22,405,400
Mining 1 $ 29,600 $ 267,000
Other 26 $ 1,027,100 $ 1,344,200
Retailing 134 $ 5,179,200 $ 13,246,700
Transportation and Communication 64 $ 5,603,800 $ 19,388,600
Travel and Entertainment 148 $ 4,582,600 $ 10,578,100
Wholesaling 28 $ 2,615,900 $ 9,300,700
Total Induced Economic Impact 1,070 $ 59,163,100 $ 176,772,400
Total Economic Impact
Total Jobs 4,210
Total Wages $ 196,896,700
Total Output $ 562,835,100
Tourism Impact
Visits 2,467
Tourists749
Spending $837,300
Grape and Wine Production
Winery Count 28
Vineyard Acres 92
Taxes
Federal Excise Taxes $ 2,963,600
State Excise Taxes $ 1,872,100
Sales Tax $ 24,505,200
Control State Markups $ -
Other Taxes $ -
Total Consumption Taxes $ 29,340,900
Federal Consumption Taxes $ 2,963,600
State Consumption Taxes $ 26,377,300
Federal Business Taxes $ 30,798,400
State Business Taxes $ 21,350,700
Total Business Taxes $ 52,149,100
Total Federal Business and Consumption Taxes $ 33,762,000
Total State Business and Consumption Taxes $ 47,728,000
Total Federal and State Business and Consumption Taxes $ 81,490,000

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