Nationwide, the Renewable Fuel Standard (RFS) has generated approximately $184.5 billion in economic output and has supported more than 852,000 jobs, according to a new report from Fuels America. In Iowa alone, conventional and cellulosic ethanol, biodiesel and advanced biofuels and their suppliers have generated an annual economic output of $19.38 billion and supported more than 73,000 jobs. To see the impact of the RFS in your state and Congressional district, visit fuelsamerica.org.
The economic benefits are not limited to agriculture or biorefining. Two-thirds of the jobs; nearly 60 percent of the economic output; and 70 percent of the wages attributable to renewable fuels are either induced, as wages circulate through the economy, or are supplier related, the organization adds.
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