HVACR Distribution Industry Supports 101,000 Jobs, Study Finds
Industry News
Heating, Air-conditioning & Refrigeration Distributors International released its first economic impact study on October 21. The study shows that HVACR wholesale distribution directly supports 101,817 jobs. It also generates $32.9 billion in annual economic output across all 50 states. The study found the industry contributes $17.8 billion in value added to the U.S. economy. It provides $8.7 billion in employee compensation annually.
These numbers give contractors hard data to use when talking to lenders, local officials, or economic development agencies about the industry's importance.
Reference this study when applying for business financing, seeking local government support, or making the case for workforce development programs in your area.
Key Takeaways:
- HVACR distribution supports 101,817 jobs across all 50 states
- Industry generates $32.9 billion in annual economic output nationwide
- Provides $8.7 billion in employee compensation and $17.8 billion in value added
