SC Economy benefiting from Renewable Fuels Industry

The Fuels America coalition today released an economic impact study by John Dunham & Associates showing the far-reaching benefits of renewable fuels for South Carolina workers and businesses.  Renewable fuels now represent nearly 10% of America’s fuel supply and have helped reduce U.S. reliance on foreign oil to the lowest level in years.  The analysis takes into account the entire supply chain for renewable fuels and quantifies the impact to the economy. Benefits to South Carolina from the renewable fuels industry include driving $932.8 million of economic output, supporting 5,508 jobs and $199.2 million in wages and generating $19.7 million in state tax revenue each year. The full analysis is available on the Fuels America website, www.fuelsamerica.org.