| Employment & Economic Impact in 2008
More than 261,000 workers were employed by contractors, construction services and material suppliers in the state. • 10.8% of the state's private sector workforce • Total payroll of $13.3 billion • 11.9% of total state non-government payroll
Construction sales were more than $35.3 billion in 2008. • 18.2% of all sales in the state • Down 3.8% from 2007 (after 12% growth in 2006)
For each $1 invested in new construction: • The state's economy generates an additional $1.97 in economic activity throughout the state • Household earnings are increased by 64 cents - all households, not just those with someone employed in the construction industry
For each $1 million invested in new construction, and additional 15.95 jobs are created across the economy.
Contributions to Government Revenues in 2008 • Construction industry businesses paid more than $1.8 billion to the state in sales and B&O taxes, 21.3% of all payments (local taxes not included).
State Sales Tax Payments • Contractors, construction suppliers and service providers paid more than $1.8 billion in state sales taxes. • Construction contribution: 25.4% of total state sales tax payments • Other categories of sales tax payers: 10.5% auto dealers and gas stations 8.0% restaurants and bars 2.9% food stores 2.3% manufacturing 0.1% agriculture, forestry & fishing • Additional local construction sales taxes were more than $500 million. Only the broad category of retail sales businesses pays more sales tax than the construction industry.
State Business & Occupational Tax • Contractors, construction suppliers and service providers paid almost $337.5 million in state B&O taxes (local B&O taxes are not calculated). • Construction contribution: 11.3% of state B&O taxes paid • Other categories of B&O tax payers: 4.1% auto dealers and gas stations 1.8% restaurants and bars 2.0% food stores 13.7% manufacturing 0.4% agriculture, forestry & fishing
|