Question 10. How Important is the Chemical Industry to the Texas Economy?
Answer: According to the Texas Chemical Council, Texas is the largest chemical producing state in the United States. The Texas chemical industry is the second largest manufacturing industry in the state and is responsible for $166 billion in annual output. The industry employs 77,560 Texans directly and another 435,150 Texans in related jobs for a total of 512,710 state jobs. The total payroll for employees working in the Texas chemical industry is $8.1 billion, and Texas chemical wages average $104,800 per year – that’s 47% higher than the average manufacturing wage. Texas chemical manufacturers contribute $750 million in state and local taxes and $3.3 billion in federal taxes. They also invest $5.5 billion per year to build and upgrade manufacturing facilities throughout the state. The chemical manufacturing industry is clearly a very important contributor to the Texas economy. Source: Texas Chemical Council website (www.txchemcouncil.org) (#10– March 2017 – GEO Specialty Chemicals)
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