close [X]
October 21, 2020 | Alabama A&M and Auburn Universities
print-button

Report: Economic Impact of New Feed Mill

New facility causes measurable increase in economic activity in terms of construction and ongoing annual operations

Photo: VAA, LLC

A recently released report from Alabama A&M and Auburn Universities looks at the economic impact of a new poultry feed mill to an economy.

The entry of a new $30.2 million feed mill, producing 10,000 tons per week of poultry feed in Alabama, causes a measurable increase in economic activity in terms of construction and ongoing annual operations.

Consider the following economic activity created during construction and a feed mill’s first year of operation to the local economy:

  • Jobs: 499 jobs are supported each year from ongoing operations; 398 during the construction phase
  • Value Added: $42.3 million is supported each year from ongoing operations
  • Labor Income: $25.2 million is supported each year from ongoing operations
  • Output (Sales) $207 million is supported each year from ongoing operations
  • Taxes Paid: $5.4 million is supported each year from ongoing operations

Read the full report here.

More Articles