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 April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Shell Declares Force Majeure on Forcados Crude Exports

Shell has declared force majeure on exports of Nigeria's Forcados crude oil stream, a spokesman for the company said on Wednesday.   It declared force majeure

April Ice Hinders Great Lakes Ore Trade

Shipments of iron ore on the Great Lakes and St. Lawrence Seaway totaled 4.3 million tons in April, nearly 15 percent below the month’s long-term average, the

At Greek port, Migrants Try for Italy

Rapper Mahdi Babika Mohamed's journey to a better life in Europe started in his native Sudan and passed through Libya and Turkey before abruptly ending in a squalid

Finance

Japan to Hand Over Data Ahead of Australia Submarine Bid

Japan will agree this month to give Australia classified submarine data, an unprecedented step signalling Tokyo's intent to join competitive bidding to sell Canberra a fleet of stealth subs,

Maersk Issues 'letter of undertaking' to Iran

Maersk Line said on Wednesday it had provided a letter of undertaking in relation to uncollected cargo that has led to the seizure by Iranian authorities of the vessel Maersk Tigris.

Iran: Maersk Boxhip Dispute Near Settlement

Iran said on Wednesday a legal settlement could be reached soon over its seizure of the Marshall-Islands flagged Maersk Tigris container ship in the Strait of Hormuz last month,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.1989 sec (5 req/sec)