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a day ago
- Business
- Yahoo
Ohio's 442 craft breweries had a $1.29 billion economic impact in 2024
A flight of four craft beers on the bar, June 8, 2023, at Restoration Brew Worx in Delaware, Ohio. (Photo by Graham Stokes for Ohio Capital Journal. Republish photo only with original story.) Cheers for Ohio beer. Ohio's 442 craft breweries brought in $1.29 billion of economic activity in 2024, according to the Ohio Craft Brewers Association economic and fiscal impact of Ohio's craft brewing industry. This is an increase from 2022 when Ohio breweries contributed $1.27 billion to the economy. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX Ohio's craft beer industry had 9,753 direct jobs and an additional 2,502 indirect jobs sustaining 8,095 Ohio households, according to the biennial report. Beer was flowing in Ohio with 1.15 million barrels brewed. Ohio craft breweries generated an estimated $128.6 million of state and local taxes and $99.1 million of federal taxes in 2024, according to the report. The number of craft breweries in Ohio continued to go up. There were 45 in 2011, 135 in 2015, 300 in 2018, 357 in 2020, 420 in 2022, and 442 in 2024, according to the report. 53 breweries are in planning around the state. The Northwest region had 41 craft breweries that brewed 17,000 barrels of beer for an economic impact of $78 million. The North Central region had 37 craft breweries that brewed 10,000 barrels of beer for an economic impact of $36.1 million. The Greater Cleveland region had 59 craft breweries that brewed 209,000 barrels of beer for an economic impact of $231 million. The Northeast region had 49 craft breweries that brewed 26,000 barrels of beer for an economic impact of $71.2 million. The State Line region had 46 craft breweries that brewed 9,000 barrels of beer for an economic impact of $34.8 million. The West Central region had 39 craft breweries that brewed 16,000 barrels of beer for an economic impact of $60.7 million. The Greater Columbus region had 56 craft breweries that brewed 159,000 barrels of beer for an economic impact of $184 million. The Greater Cincinnati region had 50 craft breweries that brewed 669,000 barrels of beer for an economic impact of $495.6 million. The Southwest region had 33 craft breweries that brewed 16,000 barrels of beer for an economic impact of $45.7 million. The Southeast region had 32 craft breweries that brewed 19,000 barrels of beer for an economic impact of $52.4 million. Ohio breweries will likely see the effects of new tariffs on aluminum, steel and malted barley. A tariff is a tax on imported goods and President Donald Trump imposed 50% tariffs on aluminum and steel imported into the United States, and a 25% tariff on Canadian barley. There were 9,796 craft breweries across the country in 2024. Last year was the first year since 2005 that there were more brewery closing than openings nationwide — with 430 new breweries and 529 breweries closed, according to the Brewers Association. Follow Capital Journal Reporter Megan Henry on Bluesky. SUPPORT: YOU MAKE OUR WORK POSSIBLE
Yahoo
18-04-2025
- Business
- Yahoo
Trump's tariffs could increase the price of Ohio craft beer
A flight of four craft beers on the bar, June 8, 2023, at Restoration Brew Worx in Delaware, Ohio. (Photo by Graham Stokes for Ohio Capital Journal. Republish photo only with original story.) Ohio craft brewers are worried how new tariffs on aluminum, steel and malted barley could raise the price of a pint of beer or a six-pack. President Donald Trump imposed 25% tariffs on aluminum and steel imported into the United States, and a 25% tariff on Canadian barley — three things that are vital to the craft beer industry. A tariff is a tax on imported goods. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX 'The tariffs in general have been chaotic and disruptive to our supply chain,' said Collin Castore, co-founder of Seventh Son Brewery in Columbus. 'It's just … kind of pointless.' Seventh Son produces 5,000 barrels of beer annually — 3,500 is roughly its wholesale volume and about 70% of that is packaged in aluminum cans, he said. The brewery uses roughly 750,000 cans per year. 'Breweries are facing potential tariffs on malted barley, aluminum cans, stainless steel equipment, and energy, all required in the manufacturing of beer,' according to the Ohio Craft Brewers Association. 'The increased prices that importers charge to their business customers to offset tariffs are likely to cause consumer price inflation in the best case scenario and closure of small businesses in the worst.' The U.S. relies on Canadian imports for barley, aluminum, and steel — the three key resources in brewing beer. Barley is the base grain for beer, aluminum is used for packaging beer in cans, and stainless steel is used to brew beer. 'There simply is not enough domestic cultivation of barley or production of primary aluminum to sustain the industries that rely on these products without imports from Canada and elsewhere,' according to the brewers association. Seventh Son bought four months worth of aluminum cans earlier this year, which has helped it keep prices the same, Castore said. 'We take raising prices very seriously,' he said. 'And it's also not really a switch that you can toggle on and off terribly easily. … It's not quite as easy as somebody just signing a blanket tariff order.' Just like in any other industry, some people are going to buy less craft beer if prices go up, Castore said. 'If this kind of chaotic environment continues, general consumer sentiment and spending at some point is going to take a hit, and that affects taprooms and six-pack purchases and everything in between,' he said. During Trump's first term in office in 2018, he slapped a 25% tariff on steel and a 10% tariff on aluminum imports. For the first time since 2005, the number of craft breweries decreased nationwide in 2024, according to the Brewers Association. There were 9,612 operating U.S. craft breweries in 2024. During that same year, 434 breweries opened while 501 closed. Craft brewers produced 23.1 million barrels of beer in 2024, a 4% decrease from 2023. There were only about 70 breweries in Ohio when Seventh Son opened in 2013 and today there are more than 440, according to the Ohio Craft Brewers Association. Forty-six breweries opened in Ohio last year and 53 breweries are in planning. Ohio craft breweries' economic impact was $1.27 billion in 2022 and more than 12,000 people were employed by Ohio craft breweries that year. Follow Capital Journal Reporter Megan Henry on Bluesky. SUPPORT: YOU MAKE OUR WORK POSSIBLE
