ACEC Economic Impact Report

We all know how much the engineering industry affects the world we live in, but when you apply real numbers to the work that is being conducted, the impact that the Engineering world has on all of our lives is incredible.

The American Council of Engineering Companies (ACEC) released the following Economic Impact Report which measures the Engineering Impact on the Economy and Society. These reports examine in detail how engineering:
-Contributes 3% of all U.S. jobs
-Employs or supports 24% of the 1.7 million engineers working across every sector of the economy
-Generated $40 billion in personal property taxes, $12.7 billion in sales taxes and $11.8 billion in property tax
-Is responsible for 2.8% of GDP
-Multiplies economic activity. Each additional $1 in Engineering and -Architectural revenue contributes $1.55 to GDP.

Click HERE to view the full article from ACEC

 

a/e ProNet is a network of independent insurance brokers specializing in the professional liability insurance and risk management needs of design professionals.

Why should I use a specialist insurance broker?

Founded in 1988, the original core goals of a/e ProNet remain the same today:

• To provide an independent source of insurance information and risk management resources for the design industry;
• To strengthen communication between its members and vetted professional liability insurance companies;
• To give invited members an internal resource-sharing network to enhance their individual practices;
• To promote professionalism and excellence among its members

 

To learn more about ae ProNet please click HERE