New Study Details Economic Benefits of U.S. Seaports: Port-sector activities responsible for 8.4 million American jobs; nearly $2 trillion in economic output
Source: American Association of Port Authorities (Martin Associates)

Last year, United States deep-draft seaports and seaport-related businesses generated approximately 8.4 million American jobs and added nearly $2 trillion to the economy, according to a just-completed study by a Lancaster, Pa.-based business consulting service that specializes in port-sector economic impact studies.

Based upon 2006 U.S. port cargo statistics and thousands of recent port-sector interviews, Martin Associates late this month completed an in-depth study into the economic impacts of coastal and Great Lakes ports, examining aspects ranging from jobs and wages to business and tax revenues. Of the 8,397,301 Americans working for ports and port-related industries in 2006, nearly 7 million were employed by firms involved in handling imports and exports, such as retailers, wholesalers, manufacturers, distributors and logistics companies.

+ Chart: United States Port Sector Economic Impacts 2006 (PDF; 53 KB)

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