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Firearms and Ammunition industry Economic Impact Report 2014

NSSF.ORG


Who is the National Shooting Sports Foundation?

T

he National Shooting Sports Foundation (NSSF) is the trade association for the firearms industry. Its mission is to promote, protect and preserve hunting and the shooting sports. Formed in 1961, NSSF has a membership of more than 11,000 manufacturers, distributors, firearms retailers, shooting ranges, sportsmen’s organizations and publishers. For more than 200 years, America’s firearms and ammunition industry has made products that have been part of our country’s tradition of freedom, self-reliance and enjoyment of the outdoors.

NSSF has led the way in promoting responsible ownership of firearms. NSSF concentrates its efforts on measurably advancing participation

and promoting a political climate supportive of America’s traditional firearms rights. NSSF’s expanding government relations program responds to the ever-changing political environment that threatens the future of hunting, recreational shooting, our firearms freedoms, and our industry’s wellbeing. NSSF works on both state and federal level issues, along with working with many regulatory agencies, to protect the firearms industry and make sure their business interests are appropriately represented.

in and understanding of hunting and the shooting sports; reaffirming and strengthening our members’ commitment to the safe and responsible use of their products,

The Firearms and Ammunition Industry Economic Impact Report

T

his report details the

Over the past few years, the

around the nation, takes great

significant economic impact

industry’s growth has been driven

pride in supporting wildlife

the firearms and ammunition

by an unprecedented number of

conservation efforts. Noted in the

industry has on the nation’s

Americans choosing to exercise

economic impact report is the

and each state’s economy. The

their fundamental right to keep

significant taxes paid by member

economic growth America’s

and bear arms and purchase a

companies to federal and state

firearms and ammunition industry

firearm and ammunition.

governments and the Pittman-

has experienced over the years has

Robertson excise tax the industry

been nothing short of remarkable.

manufacturers and sportsmen

NSSF, representing

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 34,609 new, well-paying jobs over the past 2 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 suppliers are an important part of the country’s economy. Manufacturers of firearms, ammunition, and supplies, along with 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

134,429

59,982

68,812

263,223

$5,985,212,500 $4,215,796,000 $3,544,468,000 $13,745,476,500

Economic $17,790,120,500 $14,274,296,700 $10,892,182,300 $42,956,599,500 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 134,429 people in the country and generate an additional 128,794 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 $52,220 in wages and benefits. And today every job is important. In fact, in the United States the unemployment rate has reached 5.8 percent. This means that there are already 9,124,000 people trying to find jobs in the nation and collecting unemployment benefits. [2] 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 2014 the firearms and ammunition industry was responsible for as much as $42.96 billion in total economic activity in the country. The broader economic impact flows throughout the economy, generating business for firms seemingly unrelated to firearms. Real people, with real jobs, working in industries as varied as banking, retail, accounting, metal working, even in printing, all depend on the firearms and ammunition industry for their livelihood.

Taxes Generated in the United States

Tax Impact Federal Taxes State Taxes Total Taxes

Business Taxes $3,116,867,000 $2,674,161,900 $5,791,028,900

Excise Taxes $863,696,528 $863,696,528

The Country Also Benefits From the Taxes Paid By The Industry The firearms and ammunition industry generates sizable tax revenues. In the United States, the industry and its employees pay over $5.79 billion in federal and state taxes including property, income, and sales-based levies. [3] 1 John Dunham and Associates, New York, December 2014. 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 these products 2 The Bureau of Labor Statistics. Available online at: www.bis.gov/lau/home.htm. Data for November-14. 3 This is in addition to over $863.70 million in federal excise taxes. Source: John Dunham and Associates, Inc. New York, New York 2014

NSSF.ORG


Economic Contribution of Arms and Ammunition Indu Economic Contribution of the Firearms Industry, 2014 All Industries Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Total

Jobs 1,829 $ All Industries 334 $ 3,203 $ 2,650 $ 12,522 $ 3,012 $ 3,130 $ 251 $ 63 $ 7,616 $ 3,673 $ 423 $ 2,244 $ 5,338 $ 2,349 $ 1,608 $ 1,702 $ 1,611 $ 1,460 $ 645 $ 1,839 $ 4,086 $ 4,271 $ 4,636 $ 2,090 $ 3,129 $ 1,152 $ 1,309 $ 908 $ 1,720 $ 2,397 $ 638 $ 6,180 $ 4,689 $ 314 $ 3,987 $ 1,307 $ 2,581 $ 4,830 $ 399 $ 2,138 $ 712 $ 2,235 $ 9,076 $ 1,794 $ 428 $ 3,225 $ 2,517 $ 634 $ 3,202 $ 343 $ 134,429 $

John Dunham and Associates: 2014

John Dunham and Associates: 2014

Direct Wages 63,154,200 11,131,300 148,887,200 145,258,800 546,753,100 113,825,600 267,787,900 6,836,600 1,787,600 289,577,100 140,741,100 11,711,500 115,760,900 274,149,300 64,807,500 58,423,200 61,666,100 70,583,900 51,147,600 26,417,200 83,601,500 260,961,400 159,063,100 298,742,600 119,036,700 132,349,000 44,355,800 67,972,400 32,098,500 144,491,100 83,594,800 17,282,400 293,818,000 204,995,100 9,611,900 133,835,500 37,087,900 167,570,200 181,989,200 23,974,700 105,706,900 31,516,500 90,349,900 327,105,300 71,544,000 20,291,300 123,533,300 87,185,100 19,008,800 132,141,200 9,990,700 5,985,212,500

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

Output 129,808,900 12,692,400 400,804,500 705,285,600 1,187,610,900 295,276,600 1,030,038,900 5,961,300 1,345,600 764,612,900 395,203,600 9,979,500 511,148,600 861,411,800 124,382,500 172,668,200 216,027,700 179,803,200 98,800,600 91,876,500 258,144,400 1,235,106,000 284,432,700 986,000,200 470,055,100 325,573,700 163,510,700 244,901,100 88,031,400 598,504,600 130,086,700 22,311,900 810,168,700 680,441,900 17,052,700 264,732,100 63,198,700 689,231,800 445,488,100 66,701,600 359,552,400 132,588,900 211,767,600 745,137,000 244,629,000 55,916,000 331,785,900 176,498,900 43,938,300 417,117,500 32,775,100 17,790,120,500

Jobs 619 58 1,415 1,292 5,568 1,087 1,308 64 80 3,011 1,658 95 1,079 2,961 899 574 748 690 523 257 799 2,243 1,642 2,443 985 1,161 460 576 328 1,062 860 149 2,969 2,301 67 1,874 439 1,820 2,126 159 1,050 322 944 3,982 900 160 1,284 913 213 1,663 102 59,982

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

Suppliers Wages 37,611,900 5,227,200 87,016,100 71,538,600 442,671,900 77,960,000 113,912,800 5,785,300 10,878,200 184,222,300 113,176,600 6,382,900 54,080,800 234,285,200 59,654,500 31,498,200 41,770,500 41,219,400 36,111,100 14,133,100 59,597,500 195,231,400 110,430,000 172,712,600 49,240,200 75,361,900 21,412,700 35,724,400 21,688,700 70,395,200 76,144,600 9,417,500 292,566,100 138,173,000 4,451,400 130,333,400 25,630,100 117,190,700 156,296,000 11,099,400 58,782,100 16,063,400 60,283,400 288,511,300 49,269,000 8,129,600 98,894,900 66,975,100 14,841,800 105,143,200 6,668,800 4,215,796,000

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

Output 174,540,300 20,689,000 284,617,300 257,775,400 1,344,827,600 218,141,800 306,923,100 21,779,300 18,770,500 541,915,600 385,895,400 17,537,500 175,828,300 731,817,900 326,554,600 122,390,500 144,465,700 184,670,300 269,480,000 44,543,100 153,862,000 486,711,900 386,240,200 502,997,500 205,754,100 245,127,300 70,788,900 109,934,700 67,611,800 190,519,200 240,686,400 40,892,900 752,410,000 457,736,200 18,273,000 534,637,800 111,280,500 410,081,500 581,175,000 41,248,500 212,473,800 54,879,900 229,053,400 1,408,217,700 192,651,300 29,770,900 279,146,000 209,236,500 74,682,900 353,663,300 29,388,400 14,274,296,700

Job 7 1 1,6 1,2 6,6 1,3 1,1 1 1 4,2 1,9 2 9 3,0 1,0 7 7 8 7 3 9 2,2 1,9 2,5 9 1,5 4 6 4 1,0 1,2 2 3,3 2,4 1 2,1 6 1,7 2,5 1 1,2 3 1,2 4,7 9 1 1,4 1,1 2 1,6 1 68,8


State by State Economic Impact Report

ustries, 2014

300 000 300 400 600 800 100 300 500 600 400 500 300 900 600 500 700 300 000 100 000 900 200 500 100 300 900 700 800 200 400 900 000 200 000 800 500 500 000 500 800 900 400 700 300 900 000 500 900 300 400 700

Jobs 795 112 1,649 1,277 6,663 1,315 1,169 127 132 4,283 1,951 205 960 3,059 1,067 733 723 853 751 340 979 2,204 1,985 2,577 926 1,522 467 666 460 1,024 1,234 267 3,391 2,401 139 2,140 608 1,745 2,502 197 1,219 325 1,260 4,723 900 197 1,425 1,179 258 1,620 108 68,812

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

Induced Wages 33,809,000 5,639,900 80,188,000 50,504,400 410,298,200 69,136,900 73,179,700 6,681,600 11,645,200 206,606,300 96,322,000 9,284,300 35,912,500 176,325,300 50,094,300 31,359,700 32,006,800 36,012,300 34,626,600 13,850,200 54,948,700 132,813,500 95,409,600 128,953,000 34,936,500 70,782,100 17,128,900 28,910,500 21,678,000 48,934,200 81,067,100 11,297,400 231,014,100 110,374,900 6,694,800 104,428,100 27,019,200 78,289,300 134,754,300 9,761,600 48,214,000 12,617,500 61,530,400 250,917,100 38,552,000 7,877,400 77,192,500 64,861,900 10,340,500 74,980,900 4,704,800 3,544,468,000

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

Output 120,678,700 17,850,300 251,631,700 170,934,900 1,186,847,700 200,380,300 213,919,200 23,538,800 19,032,200 607,298,900 301,387,000 25,344,600 115,105,500 525,059,300 188,255,900 117,981,400 111,981,600 121,130,400 118,998,300 41,527,400 142,019,900 332,390,900 322,594,100 408,056,900 119,615,000 219,948,300 52,275,400 95,354,000 64,921,800 135,149,300 237,101,100 33,323,600 608,327,800 362,118,700 21,537,300 351,170,000 97,735,000 273,197,100 405,936,400 27,533,800 156,193,500 43,231,200 200,188,500 842,808,900 124,994,900 23,162,100 216,360,100 198,089,000 35,285,800 246,604,800 16,073,000 10,892,182,300

Jobs 3,243 504 6,267 5,219 24,753 5,414 5,607 442 275 14,910 7,282 723 4,283 11,358 4,315 2,915 3,173 3,154 2,734 1,242 3,617 8,533 7,898 9,656 4,001 5,812 2,079 2,551 1,696 3,806 4,491 1,054 12,540 9,391 520 8,001 2,354 6,146 9,458 755 4,407 1,359 4,439 17,781 3,594 785 5,934 4,609 1,105 6,485 553 263,223

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

Total Wages 134,575,100 21,998,400 316,091,300 267,301,800 1,399,723,200 260,922,500 454,880,400 19,303,500 24,311,000 680,405,700 350,239,700 27,378,700 205,754,200 684,759,800 174,556,300 121,281,100 135,443,400 147,815,600 121,885,300 54,400,500 198,147,700 589,006,300 364,902,700 600,408,200 203,213,400 278,493,000 82,897,400 132,607,300 75,465,200 263,820,500 240,806,500 37,997,300 817,398,200 453,543,000 20,758,100 368,597,000 89,737,200 363,050,200 473,039,500 44,835,700 212,703,000 60,197,400 212,163,700 866,533,700 159,365,000 36,298,300 299,620,700 219,022,100 44,191,100 312,265,300 21,364,300 13,745,476,500

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

Output 425,027,900 51,231,700 937,053,500 1,133,995,900 3,719,286,200 713,798,700 1,550,881,200 51,279,400 39,148,300 1,913,827,400 1,082,486,000 52,861,600 802,082,400 2,118,289,000 639,193,000 413,040,100 472,475,000 485,603,900 487,278,900 177,947,000 554,026,300 2,054,208,800 993,267,000 1,897,054,600 795,424,200 790,649,300 286,575,000 450,189,800 220,565,000 924,173,100 607,874,200 96,528,400 2,170,906,500 1,500,296,800 56,863,000 1,150,539,900 272,214,200 1,372,510,400 1,432,599,500 135,483,900 728,219,700 230,700,000 641,009,500 2,996,163,600 562,275,200 108,849,000 827,292,000 583,824,400 153,907,000 1,017,385,600 78,236,500 42,956,599,500

Avg. Wages & Benefits $ 41,497 $ 43,648 $ 50,437 $ 51,217 $ 56,548 $ 48,194 $ 81,127 $ 43,673 $ 88,404 $ 45,634 $ 48,097 $ 37,868 $ 48,040 $ 60,289 $ 40,453 $ 41,606 $ 42,686 $ 46,866 $ 44,581 $ 43,801 $ 54,782 $ 69,027 $ 46,202 $ 62,180 $ 50,791 $ 47,917 $ 39,874 $ 51,982 $ 44,496 $ 69,317 $ 53,620 $ 36,051 $ 65,183 $ 48,295 $ 39,919 $ 46,069 $ 38,121 $ 59,071 $ 50,015 $ 59,385 $ 48,265 $ 44,295 $ 47,795 $ 48,734 $ 44,342 $ 46,240 $ 50,492 $ 47,521 $ 39,992 $ 48,152 $ 38,633 $ 52,220

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

Federal Excise Taxes 13,994,261 2,981,079 18,141,083 10,043,647 111,909,713 24,020,210 8,028,532 706,682 2,133,806 57,223,665 24,232,435 4,869,416 6,468,747 33,227,193 18,324,791 9,149,056 9,522,879 10,439,265 11,240,217 3,670,273 11,163,331 13,373,446 32,639,989 18,736,637 7,577,560 17,422,846 4,721,946 6,125,489 6,480,616 4,625,208 22,719,969 5,164,568 42,044,177 22,718,394 2,583,676 29,772,454 9,934,830 11,543,299 30,034,624 2,203,498 10,825,325 2,900,884 15,959,590 73,468,428 9,488,217 2,183,068 20,829,006 23,491,879 4,354,005 16,007,434 2,275,185 863,696,528


What a growing industry looks like...

140

134,429 111,900

112

84

88,200

+58% since 2008

50

2008

2009

2011

2013

2014

$6.0 billion

6 5

$4.1 billion

4

0

2008

2009

$4.5 billion

8

billion

2013

2014

$13.7 billion $10.4 billion

10

$3.3 billion

2011

14 12

3 $2.4

$11.7 billion

$8.2 billion $6.4 billion

6

2

+149%

+115%

4

1 0

183,000 166,200

100

+78% since 2008

28

0

220,130

150

75,600

56

250

200

99,820

263,223 245,750

2

2008

2009

2011

2013

2014

0

2008

2009

2011

2013

2014


4

$864 million

9 8

$3.1 $2.9

3

billion

billion

$2.7

$2.5

billion

billion

$2.3 $2.1

$2.0

$1.9

billion

2

billion

billion

6 5

$352

billion

$454 $460 million million

4 million

$1.5 billion

$644 million

7

$1.3

+145%

3

billion

1

2 1

0

2008 2009 2011 2013 2014

2008 2009 2011 2013 2014

0

2008

2009

2011

2013

2014

$43.0 billion 20

$13.9 billion

15

$15.6 billion

$17.8 billion

40

$33.4 billion

$19.1

20 billion

10

$6.8 billion

+162%

+125%

5

0

$27.8 billion

30

$11.3 billion

$37.7 billion

10

2008

2009

2011

2013

2014

0

2008

2009

2011

2013

2014


We Are The Firearms Industry A.T. Wall Company DBA Metalform Acme United Corporation Action Target Advanced Technology International, LLC Aimpoint, Inc. AirForce Airguns Ammunition Development Company dba Silver State Armory ATK Sporting Group Audemous, Inc. dba FrogLube Brands Austin Sheridan USA, Inc. Beretta USA Corporation Blackhawk Industries Boyt Harness Company Browning Arms Company Bushnell Corporation Butler Creek Caesar Guerini/Fabarms Carlson’s Choke Tubes CCI/Speer Ammunition Cobra Firearms Colt’s Manufacturing Company LLC Comp-Tac Victory Gear LLC Condor Outdoor Products, Inc Coonan, Inc. COR-BON/Glaser LLC CZ-USA Dakota Ammo, Inc. ESS Eye Pro ESS Eyewear Fabarm USA, LLC Falcon Industries, Inc. Federal Cartridge Company Final Approach Waterfowl Fiocchi of America, Inc. First Samco Inc DBA Fobus Holster

& Mission First Tactical FMG Publications FN America, LLC FNH USA Franklin Armory Freedom Arms, Inc. Frogg Toggs FrogLube Galco Gunleather Glaser LLC Glock GOEX Powder Company H & R 1871, LLC. Heckler and Koch, Inc. HIVIZ Shooting Systems by North Pass, Ltd Hodgdon Powder Company Hoppes Hornady Manufacturing Company Judson A. Smith Company K-Var, Corp. Kel-Tec CNC Industries, Inc. Laporte America, LLC Leupold & Stevens, Inc. Lewis Machine & Tool Company Lyman Products, Corp. MAGTECH Ammunition Co., Inc. Marlin Firearms Company Millett MKS Supply, Inc. Nammo Lapua Oy North American Arms, Inc. Nosler, Inc. Numrich Gun Parts Corporation O. F. Mossberg and Sons, Inc. OAKSI ODI/Stag Outdoor Products

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

Promote

Protect

Olin Corporation/Winchester Division Otis Technology Outers Parmatech Corporation PJ Industries, Inc. Promatic, Inc RCBS Remington Arms Company, LLC Remington Outdoor Company Savage Arms, Inc. Sellmark Corporation Sierra Bullets, LLC SIG SAUER Sightron, Inc. SilencerCo Simmons Scopes SinterFire Smith & Wesson Firearms St. Marks Powder, Inc. Stag Arms Stoney Point Sturm Ruger and Company, Inc. Tasco Taurus Holdings, Inc. Ten-X Ammunition, Inc. Thompson Center Trulock Tool U.S. Repeating Arms Co. Inc/Browning Uncle Mike’s Law Enforcement Volquartsen Custom Walls Brands Weatherby, Inc. Zenith Firearms Zenith Quest Corporation ZEV Technologies, Inc. ZQI Ammunition

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Firearms and Ammunition Industry Economic Impact Report 2014  

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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