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AGC of Wisconsin Releases the Impact of Construction on the Wisconsin Economy 2022 Study

MADISON, WI — In partnership with the University of Colorado Leeds School of Business, the Associated General Contractors (AGC) of Wisconsin has released its 2022 study on the Impact of Construction on the Wisconsin Economy.

The Construction industry in the state of Wisconsin helps drive economic growth and provides many jobs throughout the state. The industry directly produced nearly $9.7 billion in real GDP in Q2 2022, accounting for 3.1 percent of total state GDP. Employment in the industry increased 5.9 percent to 133,600 in September 2022, accounting for 4.5 percent of total employment in the state, and average annual wages in the industry (including sole proprietors) were $70,416 in 2021, compared to the state average of $57,041 for all industries and the national construction industry average of $70,618.

The economic impact of the construction industry has the following multiplier effects within the state of Wisconsin:

  • Every $1 spent directly within the construction industry produces an overall economic impact of approximately $1.84.
  • Every $1 million spent within the construction industry supports approximately 12 jobs on average over the year across the state economy. Approximately seven of these jobs are within the construction industry and five are within other sectors of the economy.
  • Every $1 million spent within the construction industry generates over $742,000 in labor income throughout the state. Approximately $63,000 in labor income is generated per job created.

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