Firearms and Ammunition Industry Economic Impact Report -- 2012
This report details the significant economic impact the firearms and ammunition industry has on the nation's and each state’s economy.
Firearms and Ammunition industry Economic Impact Report 2012 National Shooting Sports Foundation速 www.nssf.org Who is the National Shooting Sports Foundation? T he National Shooting Sports and enjoyment of the outdoors. sible use of their products, and pro- Foundation (NSSF) is the NSSF has led the way in promoting moting a political climate supportive trade association for the firearms responsible ownership of firearms. of America’s traditional firearms industry. Its mission is to promote, rights. NSSF concentrates its efforts on protect and preserve hunting and the shooting sports. Formed in relations program responds to the 1961, NSSF has a membership ever-changing political environment of more than 7,000 manufactur- that threatens the future of hunting, ers, distributors, firearms retail- recreational shooting, our firearms ers, shooting ranges, sportsmen’s freedoms, and our industry’s well- organizations and publishers. being. NSSF works on both state and For more than 200 years, NSSF’s expanding government measurably advancing participation federal level issues, along with work- America’s firearms and ammunition in and understanding of hunting ing with many regulatory agencies, industry has made products that and the shooting sports; reaffirming to protect the firearms industry and have been part of our country’s and strengthening our members’ make sure their business interests tradition of freedom, self-reliance commitment to the safe and respon- are appropriately represented. The Firearms and Ammunition Industry Economic Impact Report T his report details the sig- years has been nothing short of firearm and ammunition. nificant economic impact the remarkable. Over the past couple firearms and ammunition industry of years, the industry’s growth has turers and sportsmen around the has on the nation’s and each state’s been driven by an unprecedented nation, takes great pride in support- economy. The economic growth number of Americans choosing to ing wildlife conservation efforts. America’s firearms and ammunition exercise their fundamental right to Noted in the economic impact re- industry has experienced over the keep and bear arms and purchase a port is the significant taxes paid by NSSF, representing manufac- member companies to federal and state governments and the PittmanRobertson excise tax the industry pays on the products it sells – this tax is the major source of wildlife conservation funding in America. During difficult economic times and high unemployment rates nationally, our industry has grown and created over 37,130 new, well-paying jobs over the past two years. Our industry is proud to be one of the bright spots in this economy. Take a look for yourself and see the impact we have nationally and on your home state. (See center spread.) National Shooting Sports Foundation® The Firearms Industry Creates Jobs in America United States companies that manufacture, distribute and sell sporting firearms, ammunition and supplies are an important part of the country’s economy. Manufacturers of firearms, ammunition and supplies, along with the companies that sell and distribute these products, provide well paying jobs in America and pay significant amounts in tax to the state and Federal governments. Economic Impact of The Sporting Arms and Ammunition Industry in The United States Jobs (FTE) Wages Direct Supplier Induced Total 99,820 43,960 76,350 220,130 $4,079,055,568 $2,737,404,039 $3,591,450,572 $10,407,910,179 Economic $13,893,194,666 $8,442,046,440 $11,027,626,584 $33,362,867,690 Impact The Firearms & Ammunition Industry is an Important Part of America’s Economy Companies in the United States that manufacture, distribute and sell firearms, ammunition and hunting equipment employ as many as 99,820 people in the country and generate an additional 120,310 jobs in supplier and ancillary industries. These include jobs in companies supplying goods and services to manufacturers, distributors and retailers, as well as those that depend on sales to workers in the firearms and ammunition industry.  These are good jobs, paying an average of $47,280 in wages and benefits. And today, every job is important. In fact, in the United States the unemployment rate has reached 8.2 percent. This means that there are already 12,271,000 people trying to find jobs in the state and collecting unemployment benefits. The Economic Benefit of The Industry Spreads Throughout the Country Not only does the manufacture and sale of firearms and hunting supplies create good jobs in the United States but the industry also contributes to the economy as a whole. In fact, in 2012 the firearms and ammunition industry was responsible for as much as $33.36 billion in total economic activity in the country. Taxes Generated in the United States The Country Also Benefits from the Taxes Paid by the Industry Not only does the firearms and ammunition industry create jobs, it also generates sizable tax revenues. In the United States the industry and its employees pay over $2.1 billion in taxes including property, income, and sales based levies.  Tax Impact Federal Taxes State Taxes Total Taxes Business Taxes $2,541,304,252 $2,098,669,467 $4,639,973,719 Excise Taxes $459,536,627 $459,536,627  John Dunham and Associates, New York,, March 2012. Direct impacts include those jobs in firearms and ammunition manufacturers, as well as companies that manufacture products such as ammunition holders and magazines, cases, decoys, game calls, holsters, hunting equipment, scopes, clay pigeons and targets. Direct impacts also include those resulting from the wholesale distribution and retailing of firearms and ammunition in sporting goods retailers and variety/mass merchandise stores  The Bureau of Labor Statistics. Available online at: www.bis.gov/lau/home.htm. Data for 6/2012.  This is in addition to over $2.50 billion in Federal business taxes and $488.00 million in Federal excise taxes. Source: John Dunham and Associates, Inc. www.nssf.org New York, New York 2012 Economic Contribution of Arms and Ammunition Indu Allâ€ˆIndustries ustries, 2011 State by State Economic Impact Report What a growing industry looks like... 100 225 80 180 60 135 40 90 20 45 0 0 5 12 4 8 3 2 4 1 0 0 5 4 3 2 1 0 15 32 24 10 16 5 8 0 0 We Are The Firearms Industry Acme United Corporation Action Target Aimpoint, Inc. ATK Security and Sporting Austin Sheridan USA, Inc. Beretta USA Corporation Browning Arms Company Bushnell Corporation Caesar Guerini/Fabarms Carlson’s Choke Tubes Cobra Firearms Colt’s Manufacturing Company LLC Coonan, Inc. COR-BON/Glaser LLC CZ-USA Diamondback Firearms, LLC Falcon Industries, Inc. Fiocchi of America, Inc. FNH USA, LLC Franklin Armory Freedom Arms, Inc. Freedom Group Frogg Toggs Galco Gunleather Glock, Inc. Heckler and Koch, Inc. Heizer Firearms LLC HIVIZ Shooting Systems by North Pass, Ltd Hodgdon Powder Company Hornady Manufacturing Company K-Var, Corp. Kel-Tec CNC Industries, Inc. LaPorte America GMP 1M Item #9101 7/12 Promote Leupold & Stevens, Inc. Lewis Machine & Tool Company Lyman Products, Corp. MAGTECH Ammunition Co., Inc. MKS Supply, Inc. Nammo Lapua Oy North American Arms, Inc. Nosler, Inc. Numrich Gun Parts Corporation O. F. Mossberg and Sons, Inc. OAKDEF ODI/Stag Outdoor Products Olin Corporation/Winchester Division Parmatech Corporation Pembroke Gun & Range, LLC Promatic, Inc Remington Arms Company, LLC Savage Arms, Inc. Sellmark Corporation Sierra Bullets, LLC SIG SAUER Sightron, Inc. Smith & Wesson Firearms St. Marks Powder, Inc. Sturm Ruger and Company, Inc. Taurus International Mfg., Co. Ten-X Ammunition, Inc. The Outdoor Connection, Inc. Trulock Tool Volquartsen Custom Vortex Optics Weatherby, Inc. ZEV Technologies, Inc. 11 Mile Hill Road Newtown, CT 06470-2359 T: 203.426.1320 F: 203.426.1087 www.nssf.org Protect Preserve