ECONOMIC IMP ACT REPORT 2018

Transcription

1 FIREARMS AND AMMUNITION INDUSTRY ECONOMIC IMP ACT REPORT 218 THE FIREARMS INDUSTRY TRADE ASSOCIATION NSSF.ORG

2 Who is the National Shooting Sports Foundation? The National Shooting Sports Foundation (NSSF) is the trade association for the firearms industry. Its mission is to promote, protect and preserve hunting and the shooting sports. Formed in 1961, NSSF has a membership of about 13, manufacturers, distributors, firearms retailers, shooting ranges, sportsmen s organizations and publishers. For more than 2 years, America s firearms and ammunition industry has made products that have been part of our country s tradition of freedom, self-reliance and enjoyment of the outdoors. NSSF has led the way in promoting responsible ownership of firearms. NSSF concentrates its efforts on measurably advancing participation in and understanding of hunting and the shooting sports; reaffirming and strengthening our members commitment to the safe and responsible use of their products, and promoting a political climate supportive of America s traditional firearms rights. NSSF s expanding government relations program responds to the ever-changing political environment that threatens the lawful commerce in our industry s products, the future of hunting, recreational shooting and our firearms freedoms. NSSF works on both state and federal issues, along with working with many state and federal regulatory agencies, to protect the firearms industry and make sure their business interests are appropriately represented. The Firearms and Ammunition Industry Economic Impact Report This report details the significant economic impact the firearms and ammunition industry has on the nation s and each state s economy. The economic growth America s firearms and ammunition industry has experienced in recent years has been nothing short of remarkable. Over the past decade, the industry s growth has been driven by an unprecedented number of Americans choosing to exercise their fundamental right to keep and bear arms and purchase a firearm and ammunition. NSSF, representing America s firearms and ammunition manufacturers, takes great pride in supporting wildlife conservation efforts. Noted in the economic impact report is the significant taxes paid by our industry to federal and state governments and the Pittman-Robertson excise tax the industry pays on the products it sells this tax is the major source of wildlife conservation funding in America. Regardless of economic conditions across the country, our industry has grown and created about 91, new, well-paying jobs over the past five years. Our industry is proud to be one of the bright spots in this economy. Take a look for yourself and see the impact we have nationally and on your home state. (See center spread.)

3 THE FIREARMS INDUSTRY CREATES JOBS IN AMERICA United States companies that manufacture, distribute, and sell sporting firearms, ammunition, and supplies are an important part of the country s economy. Manufacturers of firearms, ammunition, and supplies, along with the companies that sell and distribute these products, provide well paying jobs in America and pay significant amounts in tax to the state and Federal governments. Economic Impact of the Sporting Arms and Ammunition Industry in the United States Direct Supplier Induced Total Jobs (FTE) 149,113 62,757 99,38 31,98 Wages $6,74,728,9 $4,313,168,4 $5,79,369,4 $15,467,266,7 Economic Impact $21,48,197,4 $14,27,32,2 $16,153,148,4 $51,48,648, The Firearms & Ammunition Industry is an Important Part of America s Economy Companies in the United States that manufacture, distribute, and sell firearms, ammunition, and hunting equipment employ as many as 149,113 people in the country and generate an additional 161,795 jobs in supplier and ancillary industries. This include jobs in supplying goods and services to manufacturers, distributors, and retailers, and those that depend on sales to workers in the firearms and ammunition industry. 1 These are good jobs paying an average of $49,749 in wages and benefits. And today, every job is important. The United States currently has an unemployment rate of 4.32 percent. This means that there are currently 6,934, people trying to find jobs in the nation and collecting unemployment benefits. 2 The Economic Benefit of the Industry Spreads Throughout the Country Not only does the manufacture and sale of firearms and hunting supplies create good jobs in the United States, but the industry also contributes to the economy as a whole. In fact, in 217 the firearms and ammunition industry was responsible for as much as $51.41 billion in total economic activity in the country. The broader economic impact flows throughout the economy, generating business for firms seemingly unrelated to firearms. Real people, with real jobs, working in industries as varied as banking, retail, accounting, metal working, even in printing, all depend on the firearms and ammunition industry for their livelihood. Taxes Generated in the United States Tax Impact Business Taxes Excise Taxes Federal Taxes $3,911,87,8 $717,81,5 State Taxes $2,872,36,4 Total Taxes $6,783,394,2 $717,81,5 The Country Also Benefits From the Taxes Paid By The Industry Not only does the industry create jobs, it also generates sizeable tax revenues. In the United States, the industry and its employees pay over $6.78 billion in taxes including property, income, and sales based levies. 3 1 John Dunham & Associates,, December 217. Direct impacts include those jobs in firearms and ammunition manufacturers, as well as companies that manufacture products such as ammunition holders and magazines, cases, decoys, game calls, holsters, hunting equipment, scopes, clay pigeons and targets. Direct impacts also include those resulting from the wholesale distribution and retailing of these products. 2 The Bureau of Labor Statistics. Available online at: Data for September This is in addition to over $ million in federal excise taxes. Source: John Dunham and Associates, Inc., 217

4 ECONOMIC CONTRIBUTION OF ARMS AND AMMUNITION INDUSTRIES, 217 Direct Suppliers Jobs Wages Output Jobs Wages Output Alabama 3,222 $19,577,4 $373,625,7 1,179 $65,669,8 $247,798,5 Alaska 719 $2,855,5 $49,551, 199 $1,79,2 $36,121,5 Arizona 3,463 $162,82,8 $587,675, 1,641 $17,579,1 $352,851,4 Arkansas 3,61 $12,643,2 $653,829,2 1,42 $79,273,8 $313,724, California 9,121 $44,732,8 $1,158,711,5 4,17 $338,816,1 $1,49,185,6 Colorado 2,234 $82,374,9 $254,531,3 963 $68,29,5 $213,319,9 Connecticut 2,683 $198,66,7 $743,7,4 1,211 $118,26,3 $314,749,5 District of Columbia 131 $4,55,3 $8,634,2 38 $3,58,8 $8,965,3 Delaware 17 $4,153,5 $9,44,2 61 $4,279,7 $14,988,3 Florida 7,157 $266,722,4 $1,3,787,7 3,472 $25,623,7 $725,32,6 Georgia 4,42 $139,819,3 $551,9,7 1,729 $113,434,5 $39,293,9 Hawaii 215 $8,787,7 $26,242,2 75 $3,789,3 $14,66,3 Idaho 3,219 $129,354,7 $556,314,6 1,5 $76,984,5 $299,647,4 Illinois 4,847 $239,18,6 $97,184,9 2,38 $185,134, $589,668,1 Indiana 3,798 $22,27,9 $492,993,8 1,382 $93,435,8 $318,683,8 Iowa 1,24 $38,715, $16,422,3 429 $26,74,2 $95,87,9 Kansas 2,716 $94,362,9 $34,45,1 1,72 $64,283, $225,684,1 Kentucky 2,15 $66,889, $193,931,1 75 $43,42,4 $156,536,3 Louisiana 2,289 $65,54,5 $196,177,3 87 $45,99, $155,596,7 Maine 1,293 $32,85,1 $89,546,7 421 $22,48,9 $83,34,4 Maryland 1,912 $115,493,9 $412,375,7 767 $57,148,9 $171,793,2 3,758 $272,592,7 $1,287,644,1 1,829 $164,851,6 $465,242, Michigan 4,527 $145,286, $432,162,9 1,72 $114,68,4 $384,19,4 Minnesota 4,53 $266,526,2 $1,1,259,4 2,478 $191,793,9 $597,626,6 Mississippi 2,392 $92,75, $412,787, 1,117 $54,241,1 $229,283,4 Missouri 5,468 $162,2,7 $529,238,1 2,41 $13,881,3 $456,23,9 Montana 1,516 $53,132,4 $199,153,4 62 $28,477,7 $15,3,7 Nebraska 1,64 $45,232,7 $154,94,7 579 $42,6,3 $131,77,4 Nevada 1,355 $38,522,2 $125,226,9 485 $28,221, $1,153,4 New Hampshire 2,619 $24,125,8 $765,18,7 1,261 $92,73,2 $269,241,9 New Jersey 1,54 $6,185,9 $145,222, 476 $4,456,9 $117,486,6 New Mexico 661 $13,55,6 $49,998,2 218 $1,74,2 $44,465,5 4,156 $257,581,8 $919,12, 2,27 $194,766,4 $534,825,6 North Carolina 4,71 $153,892,7 $54,613, 1,861 $112,557, $41,699,8 North Dakota 62 $17,941,1 $43,58, 178 $9,736,8 $32,441,2 Ohio 6,533 $23,523,6 $561,142,4 2,354 $154,231,5 $546,852,5 Oklahoma 2,199 $6,32,5 $179,365,6 829 $52,694,1 $175,675,4 Oregon 2,919 $125,995,4 $453,847,5 1,587 $1,948,7 $321,459,8 Pennsylvania 5,986 $21,528,5 $66,7, 2,23 $178,11,6 $545,454,9 Rhode Island 222 $15,575,1 $44,719,3 15 $6,663, $19,758, South Carolina 2,913 $12,66,7 $456,877,7 1,175 $66,911,3 $242,283,8 South Dakota 1,74 $35,267,3 $148,116,9 4 $24,641,3 $81,399,8 Tennessee 3,48 $118,669,8 $323,578,4 1,249 $8,98,9 $277,461,6 Texas 11,429 $412,23,2 $1,259,746,2 4,911 $357,127,5 $1,15,39,4 Utah 2,98 $133,229,7 $422,27,3 1,377 $77,93,5 $279,69,7 Vermont 55 $3,85,3 $117,83,8 23 $11,296,4 $38,276,4 Virginia 2,637 $81,79,5 $329,431,8 995 $7,535,2 $236,961,5 Washington 3,313 $19,72,4 $337,42,7 1,15 $81,553,1 $277,871,1 West Virginia 891 $2,322,3 $71,572,3 286 $15,757,2 $64,458,4 Wisconsin 2,785 $92,853,9 $328,964, 1,13 $71,75,6 $246,292,1 Wyoming 883 $24,57,8 $87,169,5 283 $15,318,2 $55,85,7 United States 149,113 $6,74,728,9 $21,48,197,4 62,757 $4,313,168,4 $14,27,32,2 Source: John Dunham and Associates, Inc., 217

5 STATE BY STATE ECONOMIC IMPACT REPORT Induced Total Average Federal Excise Jobs Wages Output Jobs Wages Output Wages Tax 1,434 $59,629,9 $221,19,6 5,835 $234,877,1 $842,533,8 $4,3 $17,413,7 24 $1,652,9 $35,329,8 1,122 $42,217,6 $121,2,3 $37,6 $4,383,5 2,45 $113,197,4 $36,648,5 7,554 $383,579,3 $1,31,174,9 $5,8 $14,1,4 1,427 $56,477,3 $24,16,1 5,98 $256,394,3 $1,171,569,3 $43,4 $1,363, 9,158 $553,962,7 $1,654,188, 22,449 $1,297,511,6 $3,862,85,1 $57,8 $57,682,7 1,634 $83,311,2 $255,747,7 4,831 $233,895,6 $723,598,9 $48,4 $12,812,5 1,826 $114,86, $32,645,3 5,72 $43,899, $1,361,95,2 $75,3 $6,19,3 27 $19,357,1 $38,546, 376 $27,443,2 $56,145,5 $73, $1,97,7 176 $1,34,8 $39,12,6 47 $18,738, $63,45,1 $46, $1,16,7 5,841 $263,41, $837,22,4 16,47 $735,387,1 $2,566,31,7 $44,7 $32,843,8 2,81 $134,522,6 $459,434,8 8,581 $387,776,4 $1,4,738,4 $45,2 $19,89,8 285 $13,894,4 $44,94,5 575 $26,471,4 $85,87, $46, $1,627,2 1,371 $52,854,3 $179,643,5 6,9 $259,193,5 $1,35,65,5 $42,6 $9,793,5 4,34 $236,212,5 $747,474,9 11,531 $66,365,1 $2,37,327,9 $57,3 $18,37,1 2,596 $12,688,7 $426,389,1 7,776 $416,152,4 $1,238,66,7 $53,5 $18,41, 824 $38,453,9 $155,766,5 2,493 $13,873,1 $357,276,7 $41,7 $6,966,6 1,187 $52,412,2 $192,145, 4,975 $211,58,1 $722,279,2 $42,4 $14,268,6 1,112 $49,377,6 $188,573,7 3,832 $159,687, $539,41,1 $41,7 $1,945,2 1,138 $51,235,3 $192,56, 4,234 $162,729,8 $543,83, $38,4 $13,541,6 482 $19,876,3 $66,8,8 2,196 $74,73,3 $238,859,9 $34, $7,972,4 1,63 $86,31,7 $253,149, 4,39 $258,944,5 $837,317,9 $6,1 $6,659,9 3,117 $194,274,8 $514,99,7 8,74 $631,719,1 $2,267,876,8 $72,6 $5,676,3 2,77 $13,681,8 $445,915,5 8,954 $39,36,2 $1,262,187,8 $43,6 $26,885,7 3,635 $183,677,2 $553,256,2 1,616 $641,997,3 $2,161,142,2 $6,5 $14,974,3 1,142 $4,8,1 $16,29,6 4,651 $187,116,2 $82,1, $4,2 $7,564,1 2,435 $19,859,5 $375,543,5 9,944 $42,743,5 $1,36,985,5 $4,5 $27,826,6 581 $22,51,9 $75,398,5 2,699 $14,112, $379,852,6 $38,6 $5,376, 725 $34,24,8 $125,798,6 2,98 $121,857,8 $411,663,7 $41,9 $8,715,5 764 $35,781,9 $116,263,1 2,64 $12,525,1 $341,643,4 $39,4 $8,919,5 1,735 $86,197,1 $245,47,9 5,615 $382,396,1 $1,279,38,5 $68,1 $3,198,8 1,81 $114,779,5 $325,37,2 3,34 $215,422,3 $588,15,8 $64,5 $7,632,4 366 $14,571,1 $54,57,1 1,245 $38,15,9 $148,97,8 $3,6 $3,65,4 4,793 $327,581,8 $915,26,6 1,976 $779,93, $2,369,26,2 $71,1 $13,66,3 2,773 $127,115,6 $451,745, 9,335 $393,565,3 $1,358,57,8 $42,2 $22,311,4 234 $11,128,6 $39,596, 1,14 $38,86,5 $115,545,2 $38,3 $4,4, 3,583 $168,431,8 $591,926,5 12,47 $526,186,9 $1,699,921,4 $42,2 $4,939,5 1,13 $49,134, $154,92,8 4,41 $161,86,6 $59,961,8 $4,1 $11,914,9 1,776 $82,316,9 $254,884,6 6,282 $39,261, $1,3,191,9 $49,2 $9,166,6 3,771 $25,166,2 $621,633,3 11,987 $584,796,3 $1,773,95,2 $48,8 $3,761,5 265 $13,657,2 $41,126,5 592 $35,895,3 $15,63,8 $6,6 $826, 1,536 $63,755,8 $228,161,1 5,624 $251,273,8 $927,322,6 $44,7 $12,216,7 423 $18,961,9 $65,723,1 1,897 $78,87,5 $295,239,8 $41,6 $4,624,5 2,3 $12,456, $323,78,7 6,66 $31,224,7 $924,118,7 $45,2 $2,861,7 7,795 $417,741,4 $1,331,65,1 24,135 $1,186,892,1 $3,741,741,7 $49,2 $65,79, 1,662 $69,234,1 $243,559, 5,947 $279,557,3 $944,656, $47, $15,538,5 323 $13,576,1 $44,182,4 1,76 $54,957,8 $199,542,6 $51,1 $1,786,6 1,84 $94,658,9 $297,147, 5,472 $246,273,6 $863,54,3 $45, $13,62, 1,781 $1,25,4 $314,584,5 6,244 $29,65,9 $929,858,3 $46,5 $22,614,6 364 $15,358,9 $57,119,5 1,541 $51,438,4 $193,15,2 $33,4 $4,875,3 1,779 $83,35,3 $296,1,1 5,694 $247,279,8 $871,356,2 $43,4 $12,624, 211 $8,719, $34,744,9 1,377 $48,545, $177,72,1 $35,3 $4,74,6 99,38 $5,79,369,4 $16,153,148,4 31,98 $15,467,266,7 $51,48,648, $49,7 $717,81,5

6 STATE RANKINGS Economic Output: Top Ten States Total Economic Output, dollars California Texas Florida Illinois Minnesota Pennsylvania Ohio Georgia Total Economic Output, per capita New Hampshire Idaho Arkansas Minnesota Connecticut Montana South Dakota Vermont Wyoming Growth in Economic Output Hawaii Vermont Indiana New Jersey Delaware Maryland New Hampshire South Carolina Jobs: Top Ten States Total Jobs, number Texas California Florida Ohio Pennsylvania Illinois Minnesota Missouri North Carolina Total Jobs, per capita New Hampshire Idaho Montana Wyoming South Dakota Arkansas Utah Minnesota Vermont Kansas Growth in Jobs New Jersey Hawaii Vermont Indiana Maryland Delaware New Hampshire Connecticut Excise Tax: Top Ten States Federal Excise Taxes, number Texas California Ohio Florida Pennsylvania Missouri Michigan Washington North Carolina Tennessee Federal Excise Taxes, per capita Wyoming Maine Alaska Idaho North Dakota South Dakota Montana Utah Kansas Missouri Growth in Excise Taxes New Jersey Hawaii Arkansas Idaho Iowa Rhode Island Virginia Ohio

7 WHAT A GROWING INDUSTRY LOOKS LIKE... JOBS WAGES ECONOMIC IMPACT Total ,2 183, 22,13 245,75 263, ,986 31,123 31,98 16 $15.2 $15.5 $ $ $11.7 $1.4 1 $8.2 8 $ % since $19.1 $27.8 $33.4 $37.7 $ % $51.3 $51.4 $ IN BILLIONS IN BILLIONS TAXES GENERATED Business Taxes Federal Business Taxes State Excise Taxes 4 $3.7 $3.8 $ $864 $866 3 $2.5 $2.9 $3.1 3 $2.3 $2.7 $2.7 $2.5 $ $72 $713 $ $1.5 $2. 2 $1.3 $2.1 $ % + 121% % $454 $46 $ IN BILLIONS IN BILLIONS IN MILLIONS

8 218 National Shooting Sports Foundation, Inc. All Rights Reserved Item #911A 3/18