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October 2002
Insight & Opinion
The Financial Community's Responsibility to Wine
by Perry DeLuca
There have been numerous articles describing the economic and financial pressures currently facing the wine industry. However, there has not been nearly enough attention given to the positive cultural and economic impact of the wine industry.According to a 2000 study by the firm of Motto, Kryla & Fisher, the annual impact of the wine industry on California was $33 billion in wages, revenues and economic activity. To put the figure in perspective, $33 billion is only slightly less than the Gr...
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