Grantee: Concrete Coalition of Florida
Year: 2017
Project Number: 2017.013
Status: COMPLETED
Concrete masonry has a large positive economic impact on the state of Florida. This project documented the economic impact of the concrete industry in Florida and created communication vehicles that could be used to influence decision-makers.
Program Details:
The Concrete Coalition of Florida generates substantial economic output in the State of Florida. The Coalition covers three sectors: quarrying and mining of cement-related raw materials; manufacture of cement- and concrete materials and products; and installation and sale, through contractors and retailers, of cement, concrete and concrete products. The Coalition includes the Florida Independent Concrete and Associated Products (FICAP), Florida Concrete & Products Association (FC&PA) and the Masonry Association of Florida (MAF). An economic impact analysis was performed using IMPLAN to identify the statewide spending, income, and employment benefits that accrue to the State of Florida and its residents. The results estimate the annual economic contribution that would not occur without the ongoing business and operations of members of the Coalition.
This project showed the total 2017 economic contribution from concrete coalition activities, with a breakdown by sector. The estimated 2017 economic impact is just over $16 billion, generating over $1.6 billion in tax revenue for Florida each year. Importantly, the Coalition’s members support just under 88,000 jobs, of which at least 40% require at least vocational training in manufacturing and/or construction skills – an increasingly scarce commodity which has critical implications for an aging workforce. Also determined was the direct employment and labor income, as well as the estimated effects of value added activities; the Concrete Coalition’s members produced more than $7.4 billion in value added for the State of Florida in 2017.