As demonstrated in the study, four types of impacts are measured:
- Employee earnings;
- Business revenue;
- State and local taxes.
The study is based on data collected from interviews with and survey responses from 465 firms providing services to the cargo and vessels handled at the Port’s marine terminals and the private terminals within Jacksonville’s Port District.
According to the study, the port provides 26,282 direct, induced and indirect jobs in Florida, from cargo moving through the public and private marine terminals.
From these jobs:
- 10,876 jobs are directly generated by activities at the public and private marine terminals and if such activities should cease, these jobs would likely be dislocated over the short
- 10,276 jobs (induced jobs) are supported by the local purchases of the 10,876 individuals directly generated by port activity at the marine terminals.
- An additional 5,131 indirect jobs were supported by $634.6 million of purchases in the local and regional economy by firms providing direct cargo handling and vessel services, as well as the dependent shippers/consignees using the private terminals.
The direct jobs are well-paid, too: port-dependent jobs pay an average annual salary of $70,000, well above the state average of $46,000. The port's $31.1 billion in total economic output includes $767.4 million in wages, $634.6 million in business purchases and $247.1 million in state and local taxes, in addition to indirect activity.
Also, the study notes that approximately 36,000 people are employed in the port field in the Jacksonville area, resulting to an 8% increase in comparison to the same 2013 study. In the meantime, the port's overall economic value has increased by 15%.
The more we continue to invest in this port and grow our reputation as a global gateway into the Southeast U.S., the more jobs we create for our neighbors and the more revenue we put back into our area’s economy.
... commented Eric Green, JAXPORT CEO.
The successes we are experiencing throughout all of our lines of business have a direct and lasting impact on our region and state.
In late July, JAXPORT achieved a new record concerning its container and auto sector, as it moved about one million containers, a 6% increase over the same period last year. In the meantime, the port accommodated the largest container ship to ever call Jacksonville, accomplishing another record.
To explore more on the study, click on the PDF herebelow