Wine and Spirits Wholesalers in Illinois Employ More than 3,500 Americans Earning $332 million in Wages, New WSWA Data Shows

Date : 07/11/2019 @ 7:43PM
Source : PR Newswire (US)

Wine and Spirits Wholesalers in Illinois Employ More than 3,500 Americans Earning $332 million in Wages, New WSWA Data Shows

CHICAGO, July 11, 2019 /PRNewswire/ -- Family-owned wine and spirits wholesalers in Illinois deliver wine and spirits from every corner of the world to local restaurants, bars and stores— and are a major economic engine in the state, according to a new study. Wholesalers in Illinois employ more than 3,500 employees who earn $332 million in wages each year as part of an industry that generates $1.68 billion in Illinois state tax revenue annually. Since 2016, wholesaler jobs in Illinois have increased 43 percent and collective wages paid have increased by more than $94 million.

"Illinois' wine and spirits distributors are experiencing a very exciting time with overall growth and product innovation, the creation of good paying jobs, meeting consumer demand with unparalleled choice, and conducting business in a safe and transparent manner," said Danny Wirtz, Vice Chairman of Breakthru Beverage Group and Vice Chairman of WSWA Executive Committee.

Distributors in the three-tier system efficiently move alcoholic beverage products from producer to consumer, and help keep the market safe and accountable, protecting consumers and non-consumers alike. Responsible distribution practices save Illinois' government money by accurately and efficiently collecting and remitting $232.05 million in state excise taxes.

"Wine and spirits distributors in Illinois are an important part of the state's economy," said Karin Matura, Executive Director of Wine & Spirits Distributors of Illinois. "From the jobs these family-owned businesses create, to the taxes they help account for and collect, to the safeguard they provide against counterfeit alcohol, wholesalers are invaluable to the market."

To search Illinois wine and spirits wholesaler data by state, congressional district, state senate district, or state house district, click here. WSWA's industry economic impact analysis and ongoing studies are prepared by John Dunham & Associates based in Brooklyn, N.Y.

WSWA is the national trade association representing the wholesale tier of the wine and spirits industry, dedicated to advancing the interests and independence of wholesalers, distributors and brokers of wine and spirits. Founded in 1943, WSWA has more than 370 member companies in all 50 states and the District of Columbia, and its members distribute more than 80 percent of all wine and spirits sold at wholesale in the U.S.

Contact: Michael Bilello, 202-243-7506

Cision View original content:http://www.prnewswire.com/news-releases/wine-and-spirits-wholesalers-in-illinois-employ-more-than-3-500-americans-earning-332-million-in-wages-new-wswa-data-shows-300883696.html

SOURCE Wine & Spirits Wholesalers of America

Copyright 2019 PR Newswire

Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20190724 00:08:09