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September 15, 2022- IMS Awarded Economic Study of Biobased Products Industry

Integrated Management Strategies (IMS) has been issued a contract modification to conduct a study on the Economic Impacts of the U.S. Biobased Products Industry.  In 2014, Congress asked USDA to commission a study of the how the “bioeconomy” is impacting both U.S. GDP and U.S. jobs.  IMS will conduct the FY 2023 study which will focus on both the economic and sustainability benefits of biobased products.  The study will also report on economic activity in each state.  The report will include recommendations for advancing the biobased products industry, including issues related to supply chain and the North American Industry Classification System (NAICS).