A new study details the large economic impact of coops in Nebraska.
The report, The Economic Impact and Tax Revenue Impact of Nebraska Supply/Marketing and Regional Cooperatives was conducted by the Bureau of Business Research at the University of Nebraska-Lincoln.
The study was conducted by Dr. Eric Thompson and Dr. Mitchel Herian, both of Bureau of Business Research. The report shows they concluded that over the last three years farmer-owned cooperatives in Nebraska provided an annual impact of $2.2 billion on the Nebraska economy. In addition, over the last three years farmer owned cooperatives:
· created a total of 13,944 jobs
· had a tax revenue impact of $117.9 million annually
· provided for $6.7 million in state and local taxes paid in the Omaha and Lincoln areas; and
· directly employed approximately 6,400 employees annually with annual average wages and benefits in the amount of $308.7 million.
The Final Report is can be viewed at www.nebr.coop