Hardwood Economic Impact Study Released

Informational Update

The Hardwood Federation is pleased to announce the release of a new study detailing the economic impact of the hardwood industry nationally and in all 50 states.  The study also looks at a number of sectors within the hardwood industry , including sawmills, lumberyards, flooring companies, kitchen cabinet manufacturers and railway ties. You may view the study on our website www.hardwoodfederation.com.  
 
The study found that nationally, the U.S. hardwood forest products industry helps to employ over 1.8 million people and contributes $348 billion to the U.S. economy.   Hardwood producers and manufacturers directly support more than 685,000 jobs in 25,000 facilities generating $35 billion in annual income.  Related industries, including transportation, retail, forest ownership and logging support more than 1.1 million jobs and add $212 billion to the economy.  For every $1 million in output of hardwood products, 5.3 jobs are created.
 
The hardwood industry economic impact study was conducted by Agribusiness Consulting.  Research was guided and financially supported by the following member organizations of the Hardwood Federation:  The American Hardwood Export Council, the Appalachian Hardwood Manufacturers Inc., the Decorative Hardwoods Association, the Hardwood Federation, the Hardwood Manufacturers Association, the Indiana Hardwood Lumberman’s Association, the Kitchen Cabinet Manufacturers Association, the Lake States Lumber Association, the Maple Flooring Manufacturers Association, the National Hardwood Lumber Association, the National Wood Flooring Association, the Railway Tie Association and the Wood Component Manufacturers Association.  Additional support was provided by the Hardwood Market Report and the Pennsylvania Lumbermen’s Mutual Insurance Company.  The Hardwood Federation provided management and oversight of the project for the participating associations.
 

Dana Lee Cole
Executive Director
The Hardwood Federation
1101 K Street, NW, Suite 700
Washington, DC  20005
Phone:  (202) 463-2705