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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

More PPPs Needed to Enhance Dubai Maritime

The Marine Advisory Council has met to discuss the best ways to continue leading the march to excellence pursued by the Dubai Maritime Authority in upgrading the

210 Ships Pass Through Suez Canal Last Week

Suez Canal traffic data revealed that 210 ships transited the canal, with a total load of 12.8m tonnes, from 19 to 23 June.   An average of 42 ships transited the canal per day during that period,

ABP orders Two Gottwald cranes

Terex Port Solutions (TPS) has received an order from Associated British Ports (ABP) for two electric Terex Gottwald Model 8 portal harbour cranes in the G HSK 8424 B four-rope grab variant.

Finance

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

World Stocks Tumble as Britain Votes for EU Exit

Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money

 
 
Maritime Careers / Shipboard Positions Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar 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: 0.0663 sec (15 req/sec)