Saturday, October 23, 2010

The unusual investment that all 50 states are pouring money into

From Bloomberg BusinessWeek:
… A decade ago, only a handful of states subsidized wineries, according to WineAmerica, the industry trade group.

Now all U.S. states offer funding for them. Viticulture "is at the core of agri-tourism, and states should do more" to support it, says Cary Green, chief operating officer of WineAmerica.

Texas, which has 212 wineries, allocates $2.3 million a year for wine research, marketing, and grants for producers, nine times the level in 2005. Ohio spent more than $1.1 million on subsidies for its wine industry in the 12 months through June, up 38% over the previous year. And...

Read full article…
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