4 • ROCK products • July 2017 www.rockproducts.com
What is the economic benefit of having an aggregates operation in the
community? Good question, and the answer is something all aggregates
producers should know.
The Phoenix Center for Advanced Legal and Economic Public Policy just
released a study that shows the positive impact of a stone, sand or gravel
operation on jobs, tax revenues and other businesses in a community.
You need a copy. Immediately.
The study – The Economic Impact of the Natural Aggregates Industry: A
National, State, and County Analysis – reveals that the aggregates indus-
try is a significant contributor to the economic wellbeing of the United
States, generating $27 billion in annual sales and employing 100,000
mostly skilled workers.
The impacts are felt throughout the broader economy. The industry
supports $122 billion in national sales, $32 billion in national earnings
(i.e., wages), and between 364,000 and 600,000 jobs across a wide range
of occupations and industries.
Input-output analysis reveals that each job in the aggregates industry
supports an additional 4.87 jobs throughout the economy. These jobs
are widely spread across industries and occupations.
Each dollar of earnings (i.e., wages) creates another $4.19 of earnings in
other sectors, and each dollar of sales in the industry produces another
$3.47 of sales in other industries. The effect of the aggregates industry
is both large and diverse. Sizable effects on employment and output are
found also at the state and county levels.
These facts matter. As the National Stone, Sand and Gravel Association
notes: Quarries create jobs and opportunity in every community. The
economic effects of our industry are stable and long lasting.
The Phoenix Center was established in 1998 with a mission to provide
independent assessments of the economic and material implications of
regulatory and economic policy in the U.S. and abroad. To achieve this
goal, the center supports objective, solutions-based academic research
unencumbered by political hyperbole, partisanship and ideological
agendas. Its work is grounded in fact, law
and economic theory.
This is an important resource for aggre-
gates producers, and everyone should
own a copy. It is available for free down-
load at www.phoenix-center.org.
Mark S. Kuhar, editor
mkuhar@mining - media.com
(330) 722 - 4081
Twitter: @editormarkkuhar
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Rock Products, Volume 120 Issue 7, (ISSN 0035 - 7464) is published monthly by
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What Is Your Economic Benefit?