Skip to main content
#
 
rss feedemail usour twitterour facebook page pintrestlinkdin
Home
Economic Development News
Magazine
Conference & Expo List
Target Industry Directory
Advertise With Us
About Us



 Economic Development News 
Friday, September 23 2016

44,046 jobs in Texas related to port cargo movement

Brownsville, TX -- Maritime activity at the Port of Brownsville added $3 billion to the state economy in 2015 according to a new economic impact study commissioned by the port.

The study also reveals port activity is responsible for $2.2 billion in total personal income and local consumption, and $164.4 million in federal, state and local taxes. Additionally, the port is responsible for the creation of 44,036 total jobs statewide.

“The regional impact on jobs has grown dramatically,” said John Wood, chairman of the Brownsville Navigation District. “The reason can be attributed to the increase in cargo handled at the port and the value of the commodities.”

Volume and value of cargo is also a contributing factor in Foreign Trade Zone No. 62’s recent ranking as second in the nation for the value of exports. According to the U.S. Foreign-Trade Zones (FTZ) Board’s annual report to Congress released earlier this month, the value of cargo at FTZ No. 62 was $3.2 billion.

The Port of Brownsville is grantee of the FTZ.

The study, “The Economic Impacts of the Port of Brownsville, 2015,” by Martin Associates, measured four types of impacts: jobs, employee earnings, business revenue, and state and local taxes.

For a complete copy of the report, visit www.portofbrownsville.com.

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 09:45 am   |  Permalink   |  Email

Click Here!

Click Here! Click Here! Click Here!

Click Here!

Click Here!

Click Here! Click Here! Click Here!

Click Here!

Site Mailing List 

Expansion Solutions is a worldwide service of Cornett Publishing Co., Inc. ©2018, all rights reserved. 
Our content is from many sources and not warranted to be accurate or current. 
For general inquiries, email: info@ExpansionSolutionsMagazine.com