The green industry is made up of a diverse mix of production, service as well as trade and businesses which include sod growers and wholesale nursery, maintenance firms as well as landscape contractors, home centers, retails garden centers as well as mass merchandisers with garden departments and lawns, brokers and also horticultural distribution centers.
It is one of the industries that are growing really fast even during the times when there is economic recession in the country.
The green industry has a significance contribution to the personal income as well as job growth in regional as well as local economies.
There are a number of studies that have been carried out in order to document the economic impacts of the green industry in the individual states as well as regions in the country.
The current study tries to evaluate the economic impacts that these industry has to the entire United States.
The findings of the research indicated that the impacts the green industry had to the economy of the United States of America in the year 2002 were approximately 147.
8 billion dollars in output, 95.
1 billion dollars in value added, 1964399 jobs, 64.
3 billion dollars in labor income and 6.
9 billion dollars in business taxes that are indirect.
As for the production and manufacturing sectors that consist of greenhouses or nurseries, lawn as well as garden equipment manufacturers, the output impacts were a total of 34.
6 billion dollars, the value added impacts were 20.
8 billion dollars and the employment impacts were a total of 300, 677 jobs.
The research also indicated that the horticultural service sectors that comprise of the landscape services as well as architects had output impacts that totaled to 57.
8 billion, the value added impacts reached 39 billion while the employment impacts were a total of 753, 557 jobs.
The retail and wholesale trade sectors on the other hand had total output impacts of 55.
5 billion dollars, the value added was 35 billion dollars and the employment impacts were a total of 910, 104 jobs.
From the findings, the largest individual sectors in reference to value added impacts and employment included the landscaping services, the lawn as well as the garden stores, the greenhouses and nurseries, supply stores for building materials as well as florists.
Other sectors that showed value-added impacts that were huge from the research include the landscape architects, the general merchandise stores, the lawn as well as garden equipment wholesalers, the lawn as well as garden equipment manufacturers, the nursery stock, wholesale flower, food and beverage stores as well as florist supplies.
Analyzing the economic impact by the states, the Midwest region was leading with the largest value-added impacts followed by Pacific region, Northeast region and then the Southeast region.
The individual states that had the largest value added impacts are California, followed by Florida and then Texas, Illinois, Pennsylvania, New York and then Ohio.
The following are some of the inspiring stats as well as projections the green industry has: - The green industry usually has annual revenue or approximately 61 billion.
- It employees about 899, 958 people and represents close to 416, 991 people.
- It is projected that between 2010 to 2020, the employment of grounds maintenance workers will have grown by 20%.
- By 2015, the market for landscaping services is expected to reach 80 billion dollars.