A report by the Construction Materials Association of California (CMAC) has ranked the construction and aggregates industry as the fourth largest industry in the state of California, contributing $230 billion to the state’s economy.
The report, “The Importance of Aggregates and Construction to California’s Economy,” found that the industry supports more than 1.8 million jobs and earns workers more than $86 billion. In addition, CMRA reports that the industry offers some of the highest wages and compensation packages in the state.
The study, produced by Applied Development Economics, a California economic analysis firm, examined the overall impacts of the aggregates and construction industry statewide as well as in 25 of California’s metropolitan areas.
The report found that the industry is most rapidly growing in the regions of Sacramento, Santa Rosa, Stockton, San Jose and Riverside-San Bernardino.
The study updates a CMAC report issued in 2001 and primarily examines California’s aggregate materials industry.
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