Port Canaveral Generates $2 Billion Community Impact

MarineLink.com
Thursday, April 25, 2013
Photo: Port Canaveral

Business activity at Port Canaveral  generated $2 billion and 17,000 jobs for the local community in 2012, up 73% in business revenue since the last economic impact analysis three years ago.

Leading industry consulting firm Martin Associates of Lancaster, Pa., was commissioned to analyze cruise, cargo, real estate and marina activity at Port Canaveral, the world’s second busiest cruise Port and central Florida’s outlet to the sea for cargo.

The survey of 294 tenants and service providers found that Port Canaveral business activities generated an increase of 30-percent job growth, personal income of $808 million and $248 million in local purchases. State and local taxes paid totaled $74.3 million.

“This analysis again confirms Port Canaveral’s importance to our regional economy,”  said Interim Port CEO John Walsh. “The significance of our business operations create business opportunities and jobs that provide income for our neighbors and contributes to our quality of life with the local and state taxes paid from the wages earned.”

The study found that 40% of cruise passengers stay in a local hotel at least one night before their cruise and each passenger spends at least $100 while in Brevard County. Crew members were found to spend $385 per visit in the area, mostly on retail purchases.

The full study can be viewed here.
 

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

GPA Sets Tonnage Record

The Georgia Ports Authority moved more than 29 million tons of cargo, 3 million twenty-foot equivalent container units (TEUs) and more than 700,000 auto and machinery units in Fiscal Year 2014.

Location of New Port Expansion Projects: Analysis

When it comes to port development, many governments now favour letting the market decide where expansion should take place, whereas most other transport infrastructure,

GAC North America Passes the Helm to Schensema

GAC says itĀ  has moved Claus Schensema to Houston, Texas, where he will take up the post of Managing Director of GAC North America Logistics. Schensema brings

Finance

Cummins Reports Revenue Jump in Q2 2014

Cummins Inc. reported its results for the second quarter of 2014. According to the report, second quarter revenue of $4.8 billion increased 7 percent from the same quarter in 2013.

GPA Sets Tonnage Record

The Georgia Ports Authority moved more than 29 million tons of cargo, 3 million twenty-foot equivalent container units (TEUs) and more than 700,000 auto and machinery units in Fiscal Year 2014.

Diana Shipping Invests in Diana Containerships

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that it has entered into an agreement to purchase

 
 
Maritime Contracts Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1413 sec (7 req/sec)