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Groups Aim to Increase Electronic Payments in the Beer Industry

ALEXANDRIA, VA - The National Beer Wholesalers Association (NBWA) and Fintech today announced a strategic partnership aimed at growing the number of beer industry payments conducted via electronic funds transfer (EFT).

As part of the partnership, NBWA member companies are eligible for discounts on their annual fees paid to Fintech and will enjoy quarterly rebates on new business they refer. Additionally, NBWA member companies who join Fintech in the future will enjoy discounts on their initial subscription costs. Qualified distributors also will benefit from rate locks on their transaction fees. Finally, as Fintech expands its already significant data services, the two organizations will work together closely to generate industry data.

“For years NBWA has been promoting the use of EFT as a way to meet retailer needs,” said NBWA’s Senior Director of State & Industry Affairs Dave Christman. “Through this partnership, we’re hopeful distributors will increase the amount of electronic payments they collect to the mutual benefit of their business as well as their retailers.”

Fintech, a leader in providing electronic data and payments to the alcohol industry, has been a strong advocate of the NBWA and a regular participant at the association’s annual convention and trade show. Fintech currently provides service to more than 300,000 retailer-distributor relationships nationwide and is the only EFT provider that is compliant and available for use in all 50 states. With more than 2,300 alcohol distributors utilizing Fintech’s system nationwide, the potential benefits of this partnership are limitless.

“I believe this strategic partnership demonstrates a mutual commitment to providing the beverage alcohol community enhanced data and services that will assist in the creation of a 100 percent electronically-paying customer base, which will in turn aid industry growth and streamline efficiency for both distributors and their retailers,” said Fintech CEO Scott Riley. “We couldn’t be more excited at the opportunity to work with such a great organization.”

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U.S. Beer Distributors Generate 130,000 Direct Jobs, $54 Billion in Economic Benefits 

ALEXANDRIA, VA – As Americans prepare to celebrate Labor Day, the National Beer Wholesalers Association(NBWA) is recognizing the contributions of the men and women of the beer distribution industry whose work positively impacts the nation’s economy.

“Labor Day is a perfect time to recognize the hard work that America’s beer distribution employees do day in and day out to make this the best beer market in the world for everyone,” said NBWA President & CEO Craig Purser. “With more than 3,000 breweries in operation across the United States today, distributors are handling more beer varieties and brands than ever before. Thanks to distributor employees who drive the beer trucks in local communities, fill the beer coolers at corner stores and deliver new tap handles to neighborhood pubs, consumers can choose from an unparalleled variety of beer – from familiar domestic brands to intriguing imports and exciting new craft beers. That’s something we can all celebrate!”

According to the economic impact report America’s Beer Distributors: Fueling Jobs, Generating Economic Growth & Delivering Value to Local Communities, more than 3,300 independent beer distribution facilities directly employ more than 130,000 hardworking men and women in communities across the country, collectively earning $10.2 billion per year in pay and benefits.

The report, produced by Dr. Bill Latham and Dr. Ken Lewis of the Center for Applied Business & Economic Research at the University of Delaware, provides a comprehensive look at beer distribution companies’ total impact on national and state economies. In addition to the impact of distributor operations, the report also accounts for the amount of resources contributed by beer distributors in supporting community events and local economic development, contributing to charitable causes and promoting responsible alcohol use.

“The beer distribution sector is a hidden gem that has been tremendously undervalued in previous economic reports,” said Dr. Latham. “Fueling more than 345,000 direct and indirect jobs, beer distributors add $54 billion to the nation’s gross domestic product and offer far reaching benefits to brewers, retailers, consumers and government agencies at all levels.”

Key findings of the economic impact study include:

§  The beer distribution industry directly employs more than 130,000 people in the United States.

§  When the impacts of distributor capital investment and community involvement are considered, the total number of impact jobs exceeds 345,000.

§  Beer distributors add $54 billion to the nation’s gross domestic product.

§  Beer distributor activities contribute nearly $10.3 billion to the federal, state and local tax bases. This does not include the nearly$11 billion in federal, state and local alcohol excise and consumption taxes.

§  The beer distribution industry contributes more than $22 billion in transportation efficiencies for the beer industry each year.

§  Beer distributor contributions to local community activities generate $175 million in impacts annually.

To view the full reportstate by state data and to download an infographic of the report’s key findings, please visit www.nbwa.orgClick here to view data on the economic impact of beer distributors on the United States as a whole.

Press Release: Record Number of Nominees Announced for Craft Beer Distributor of the Year Award

August 26, 2014

Winner to Be Named October 4 at Great American Beer FestivalÒ ALEXANDRIA, VA – The National Beer Wholesalers Association (NBWA) and the Brewers Association (BA) are pleased to announce the nominees for the Eighth Annual Craft Beer Distributor of the Year Award. The award recognizes an American beer distributor who goes above and beyond in their efforts to actively market, sell and promote craft beer. […]

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Press Release: Keep Cozy this Fall with Seasonal Picks from CraftBeer.com

August 21, 2014

Crisp Autumn Weather Yields Flavorful, Full-bodied Offerings from America’s Small and Independent Brewers Boulder, CO • August 21, 2014—Signaling the start of fall, the leaves will soon turn rich shades of red, gold and amber—the same colors as the wide array of craft beers produced by the country’s small and independent brewers this season. Just in time […]

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Press Release: America’s Beer Distributors Applaud Sustained Growth for Craft Beer

July 29, 2014

Mid-Year Craft Beer Data Show 18 Percent Increase in Production Volume ALEXANDRIA, VA – The National Beer Wholesalers Association (NBWA) – which represents the interests of America’s 3,300 licensed, independent beer distributors – applauds America’s craft brewers for their continued growth and entrepreneurial spirit, which adds energy and excitement to the American beer industry. According to mid-year data released this week […]

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Press Release: Brewers Association Reports Sustained Growth for Craft

July 28, 2014

Small and independent brewers see increase in first half of 2014  Boulder, CO • July 28, 2014—Small and independent craft brewers enjoyed continued growth in the first half of 2014, according to new mid-year data released by the Brewers Association (BA), the not-for-profit trade association that represents the majority of U.S. breweries. American craft beer production volume increased […]

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Press Release: NBWA’s 77th Annual Convention to Offer 20 Education Seminars

July 28, 2014

ALEXANDRIA, VA – The National Beer Wholesalers Association (NBWA) will offer 20 education seminars at its77th Annual Convention to be held September 28 – October 1, 2014, at the Hyatt Regency New Orleans in New Orleans, Louisiana. “In addition to an outstanding lineup of speakers during the general session and more than 100 exhibitors at theProduct Demonstration Showcase, NBWA is excited to offer a diverse selection of education […]

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Press Release: Entry Deadline Approaches for NBWA Second Annual “Share Your Story” Contest for First-Time Convention Attendees

July 25, 2014

Winner to Receive Free Trip to NBWA’s 77th Annual Convention  ALEXANDRIA, VA – The National Beer Wholesalers Association (NBWA) is accepting entries until August 1 for theSecond Annual Share Your Story Contest for beer distribution employees who have never attended the NBWA Annual Convention. The contest is intended to highlight many of the 130,000 men and women who make up the beer distribution […]

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Press Release: NBWA Celebrates New Gallup Poll Showing Beer as Americans’ Adult Beverage of Choice

July 24, 2014

ALEXANDRIA, VA – The National Beer Wholesalers Association (NBWA) – which represents the interests of America’s 3,300 licensed, independent beer distributors – is celebrating a new Gallup poll showing that Americans who drink alcohol choose beer over wine and liquor as the type of alcohol they consume most often. The poll found that 41 percent of U.S. drinkers report they typically […]

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Press Release: Speakers Announced for NBWA’s 77th Annual Convention September 28 – October 1 in New Orleans

July 21, 2014

Political Pundits James Carville and Mary Matalin to Offer Insights on Midterm Elections, Former Navy SEAL Rob O’Neill to Discuss Operational Leadership ALEXANDRIA, VA – The National Beer Wholesalers Association’s (NBWA) 77th Annual Convention will take place September 28 – October 1, 2014, at the Hyatt Regency New Orleans in New Orleans, Louisiana. The general session will feature a diverse lineup of […]

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