Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Business Law
    • Commercial Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • Coronavirus 2020
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • Diversity Leadership Series
    • Vote Now for Women in Leadership
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read the issue
    • Order a copy
    • Buy an award plaque
    • Nominate execs for 2021

Advertisement

Header Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Home News Industries Hotels/Tourism Study shows Virginia wine industry has growing impact

Study shows Virginia wine industry has growing impact

Published January 19, 2017 by Robert Powell, III

A new economic impact study shows that Virginia’s wine industry contributes more than $1.37 billion annually to Virginia’s economy.

That figure represents an 82 percent increase from the last economic impact study, according to the governor’s office.

The 2015 Economic Impact Study of Wine and Wine Grapes on the Commonwealth of Virginia was conducted by Frank, Rimmerman + Co., an accounting and consulting firm specializing in the wine industry.

The latest study, commissioned by the Virginia Wine Board, was completed this month. It is the first Virginia wine industry impact study done since 2012.

From 2010 to 2015, the new study shows the number of wineries increased 35 percent, from 193 to 261. The number of full-time equivalent jobs at wineries and vineyards rose 73 percent, to 8,218. Wages from jobs at wineries and vineyards increased 87 percent, from $156 million, to $291 million.

Tourism to Virginia wineries also grew. The number of people visiting wineries grew by 39 percent, from 1.6 million visitors in 2010 to 2.25 million in 2015. At the same time, wine-related tourism spending grew from $131 million to $188 million, a 43 percent increase. The study attributes the growth of tourism to the growing number of wineries and the improving quality of Virginia wines.

The study also found that the number of grape-bearing acres in Virginia rose from 2,700 in 2010 to 3,300 in 2015, a 22 percent rise. Taxes paid to the state and to local governments grew to from $43 million to $94 million, a 118 percent increase.

Sales of Virginia wine reached a record high in fiscal year 2016 with more than 556,700 cases, or more than 6.6 million bottles, sold. This volume marks a sales increase of more than 6 percent over the previous fiscal year.

Related Stories

Virginia Business logo

Tysons Corner-based Cvent acquires hotel sales-intelligence software company

New Hyatt Regency at Tysons Corner expects to hire more than 100 employees

Virginia Business logo

Tourism revenues reached $23 billion in 2015

Trending

Finance/Insurance: STEPHAN Q. CASSADAY

Finance/Insurance: PAUL B. MANNING

Federal Contractors/Technology: JASON PROVIDAKES

Education: ANNE M. KRESS

Artemis I to launch with help from Va. contractors

Sponsored Stories

Why is my Less Than Truckload (LTL) freight pricing going up and my service level going down?  

Beyond Juneteenth – How Capital One is Commemorating and Implementing Change

How We Help Your Business Operate Better

Before the Breach: Get Serious About Cyber Resilience

Professionals are Discovering What it Means to Live Uniquely in the Alleghany Highlands of Virginia

Riverside Logistics Celebrates 25th Anniversary!

Girls for a Change Empowers Black Youth for the Future Workforce

The Jackson Ward Collective is equipping Black-owned small businesses with the tools for success

Advertisement

Advertisement

Trending

Finance/Insurance: STEPHAN Q. CASSADAY

Finance/Insurance: PAUL B. MANNING

Federal Contractors/Technology: JASON PROVIDAKES

Education: ANNE M. KRESS

Artemis I to launch with help from Va. contractors

Sponsored Stories

Why is my Less Than Truckload (LTL) freight pricing going up and my service level going down?  

Beyond Juneteenth – How Capital One is Commemorating and Implementing Change

How We Help Your Business Operate Better

Before the Breach: Get Serious About Cyber Resilience

Professionals are Discovering What it Means to Live Uniquely in the Alleghany Highlands of Virginia

Riverside Logistics Celebrates 25th Anniversary!

Girls for a Change Empowers Black Youth for the Future Workforce

The Jackson Ward Collective is equipping Black-owned small businesses with the tools for success

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk