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Firearms and Ammunition industry Economic Impact Report 2010 National Shooting Sports Foundation速

www.nssf.org


Who is the National Shooting Sports Foundation? he National Shooting Sports

T

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,

NSSF concentrates its efforts on

protect and preserve hunting and

rights. NSSF’s expanding government

the shooting sports. Formed in

relations program responds to the

1961, NSSF has a membership of

ever-changing political environment

more than 5,500 manufacturers,

that threatens the future of hunting,

distributors, firearms retailers,

recreational shooting, our firearms

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,

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 his report details the signifi-

T

years has been nothing short of re-

cant economic impact the

markable. Over the past couple of

firearms and ammunition industry

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

firearm and ammunition. 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 17,000 new, well-paying jobs. 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

88,200

35,950

59,300

183,425

$3,273,440,000 $2,177,863,000 $2,759,578,000 $8,210,881,000

Economic $11,266,678,500 $7,384,202,800 $9,195,424,100 $27,846,304,300 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 88,200 people in the country and generate an additional 95,250 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. [1] These are good jobs, paying an average of $44,765 in wages and benefits. And today, every job is important.

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 2009 the firearms and ammunition industry was responsible for as much as $27.8 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 $1.9 billion in taxes including property, income, and sales based levies. [2]

Tax Impact Federal Taxes State Taxes Total Taxes

Business Taxes $2,035,154,440 $1,909,417,793 $3,944,572,233

Excise Taxes $450,177,780 $ — $450,177,780

[1] John Dunham and Associates, New York, March 2010. Direct impacts include those jobs in firearms and ammunition manufacturers, as well as companies that manufacture products such as decoys, 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. [2] This is in addition to over $2 billion in Federal business taxes and $450.2 million in Federal excise taxes. Source: John Dunham and Associates, Inc.

www.nssf.org

New York, New York 2010


What a growing industry looks like...

100

200

80

160

60

120

40

80

20

40

0

0

$5b

$10b

$4b

$8b

$3b

$6b

$2b

$4b

$1b

$2b

0

0


BUSINESS TAXES $1.9 billion

$2b

$2 billion $1.5 billion

$1.3 billion

$500m

$400m

$300m $1b

$200m

$100m

0

2008

2009

FEDERAL

2008

0

2009

STATE

$15b

$30b

$12b

$24b

$9b

$18b

$6b

$12b

$3b

$6b

0

0


Economic Contribution of Arms and Ammunition Indu ($ in thousands)

All Industries


stries, 2009

State by State Economic Impact Report


We Are The Firearms Industry ATK Security and Sporting

Lyman Products, Corp.

Beretta USA Corporation

M.K.S. Supply, Inc.

Browning Arms Company

MAGTECH Ammunition Co., Inc.

Bushnell Corporation

Marlin Firearms Company

Colt’s Manufacturing Company LLC

Nosler, Inc.

COR-BON/Glaser LLC

O. F. Mossberg and Sons, Inc.

CZ-USA

Olin Corporation/Winchester Division

Federal Cartridge Company

Remington Arms Company Inc.

Fiocchi of America, Inc.

Savage Arms, Inc.

FNH USA, LLC

Sierra Bullets, LLC

Freedom Arms, Inc.

SIG SAUER

Freedom Group Family of Companies

Sightron, Inc.

Glock, Inc.

Smith & Wesson

Heckler and Koch, Inc.

St. Marks Powder, Inc.

Hodgdon Powder Company

Sturm Ruger and Company, Inc.

Hornady Mfg. Company

Taurus International Firearms

K-Var, Corp.

The Outdoor Connection, Inc.

Kel-Tec CNC Industries, Inc.

Trulock Tool

Leupold and Stevens, Inc.

Weatherby, Inc.

GMP 750 Item #9101 4/10

Promote

11 Mile Hill Road Newtown, CT 06470-2359 T: 203.426.1320 F: 203.426.1087 www.nssf.org

Protect

Preserve

Firearms and Ammunition Industry Economic Impact Report -- 2010  

This report details the significant economic impact the firearms and ammunition industry has on the nation's and each state’s economy.

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