Wine Institute says California industry pumps $103 billion into U.S. economy - San Francisco Business Times:

Wine Institute says California industry pumps $103 billion into U.S. economy - San Francisco Business Times:: "San Francisco Business Times - December 7, 2006
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Wine Institute says California industry pumps $103 billion into U.S. economy
San Francisco Business Times - 2:59 PM PST Thursday
by Chris Rauber

The California wine industry pumps $51.8 billion in the Golden State's economy, and $103 billion into the U.S. economy, including wine and wine-grape sales, jobs generated, wine tourism, state and federal taxes and other impacts, according to a report released Thursday.

The nearly $52 billion that wine contributes to California's economy represents 3.2 percent of the state's overall economic output, said Barbara Insel of MKF Research LLC, the lead author of the report, which was based primarily on 2005 data. 'It's become an important part of our economy.'

In contrast, wine contributed about $45.4 billion to the state's economy the last time such a study was released, in 2004, she said.

The Wine Institute, which represents 1,002 wine producers and affiliated businesses in California, and the California Association of Winegrape Growers, released the findings at a Dec. 7 press"