Fancy Food News Bytes
The E-Newsletter of Fancy Food & Culinary Products magazine
Wednesday, October 7, 2015
Candy industry supports 465,00 jobs nationwide
Candy making fuels the American economy to great effect, according to a new report released in September by the National Confectioners Association. Members of Congress joined industry leaders at The Newseum in Washington, D.C., to unveil the new economic impact data. The confectionery industry directly employs 55,000 people in the United States, and more than 400,000 jobs in agriculture, retail, transportation and other industries rely in part on the sale of confections for their livelihood. For every job that is created in confectionery another seven are supported in related industries, which means that candy drives a multiplier effect of 1:7 or an impact of 700 percent.
"This is an industry positioned for growth and opportunity, and we are creating American products with American workers in cities and towns throughout America," says John H. Downs, president & CEO of the National Confectioners Association. "Our products represent honest, affordable, great tasting, fun, transparent treats. Our 1:7 multiplier effect is a huge benefit to our economy—and that is the power of sweet."