Like It Or Not Gun Industry Is A Large Part Of The North Carolina Economy
Guns are one of the most controversial topics in the United States these days. And with mass shootings and gun violence on the rise people’s opinions differ on how to solve this issue. I don’t pretend to know what the solution is and my opinion on this subject is irrelevant. What I can tell you is that the gun industry makes up a large part of the North Carolina economy. The information I’m reporting on comes from the 2022 Firearm and Ammunition Industry Economic Impact Report. The report is compiled yearly by the National Shooting Sports Foundation, which is the trade association for the firearm, ammunition, hunting, and recreational shooting sports industry. The NSSF was formed in 1961, with the mission to “promote, protect and, preserve hunting and shooting
sports.” Approximately 10,000 manufacturers, distributors, firearms retailers, shooting ranges, sportsmen’s organizations, and publishers make up the NSSF’s membership.
The Economic Impact of The Firearm Industry
The yearly report details the undeniable economic impact the firearm and ammunition industry has on both individual states and the national economy. This growth has been evident with an estimated 5.4 million new gun owners in
2021. So exactly what is the impact of the gun industry on the North Carolina economy? In 2021, the industry employed 13,017 people across the state. Additionally, the industry is responsible for generating $2,513,647,00 for the North Carolina economy. That’s a lot of money which also translates to a lot of tax dollars. $160,325,900 in Federal Business Taxes to be exact.
Whatever your stance on guns and the 2nd Amendment is, you can’t deny the monetary value of the industry. For the entire United States, you are looking at 375,819 jobs and a $7.5 billion dollar output. That’s generating $4.5+ million in tax venue for the United States yearly. The upcoming election will likely impact this in one way or another. If you feel strongly pro or against this issue make sure to make your vote heard. Read the full report here.