Virginia Virginia chemistry… Global Challenges, Chemistry Solutions

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Presentation transcript:

Virginia Virginia chemistry… Global Challenges, Chemistry Solutions American chemistry is essential to our economy and plays a vital role in helping to solve the biggest challenges facing our nation and our world by driving innovations that make our lives and our world healthier, safer, more sustainable and more productive. Unprecedented access to domestic natural gas is helping to drive a renaissance in U.S. manufacturing. Renewed competitiveness in America’s chemical industry is helping to create jobs, grow payrolls and generate new tax revenue, affirming the chemical industry’s role as the cornerstone of our country’s economic future. September 2018 At $7B, is the 4th largest manufacturing industry in the state Makes Virginia the 21st largest chemistry producing state Provides 11,753 direct jobs and another 12,609 related jobs Virginia chemistry… Generates $900M in payroll across 169 establishments Has an average wage of $76,580, 32% higher than the average manufacturing wage Generates $164M in state & local taxes, and $238M in federal taxes Invests $360M to build & update equipment and facilities Ships $2.1B in products to customers around the world Generates an additional 16,321 jobs in plastics & rubber products americanchemistry.com