Bicycling contributes $133 billion annually to U.S. economy
Submitted by Brent Hugh on Sat, 03/24/2007 - 8:13pm
According to a report by the Outdoor Industry Foundation, distributed at this year's National Bike Summit, the national bicycling recreation economy:
- Contributes more than $133 billion annually to the U.S. economy
- Supports nearly 1.1 million jobs across the U.S.
- Generate $17.7 billion in annual federal and state tax revenue
- produces $53.1 billion annually in retail sales and services
- $6.2 billion in bicycling gear ales and services
- $46.9 billion in bicycling trip-related expenditures
- $6.2 billion in bicycling gear ales and services
- Provides sustainable growth in rural communities
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