Port Of Long Beach Powers 20% Of Local Jobs

The Port of Long Beach is connected to one in five jobs in Long Beach, sustaining a local workforce that continues to drive economic growth across the region, according to a new Economic Impact Study prepared for the Port and presented Monday to the Long Beach Board of Harbor Commissioners.

As the nation’s second-busiest container seaport, activity at the Port supports 51,090 jobs in Long Beach alone, according to the Economic Impact Study completed by EDR Group Inc. In the five-county region, more than 575,000 jobs result from port trade, construction and tourism, and the number grows to 2.6 million nationwide.

“The Port of Long Beach is an economic engine that generates one in five jobs for the hardworking people living in our community, as well as one in 20 good-paying jobs across a five-county region in Southern California,” said Long Beach Board of Harbor Commissioners President Tracy Egoscue. “For every job supported in the City of Long Beach, there are 50 jobs supported throughout the United States, which demonstrates that trade moving through this Port positively impacts the national economy in many different ways.”

The Harbor Commission in July 2017 contracted with EDR Group to study the economic impacts of Port operations. The study found:

Across Southern California, the Port supports 576,350 jobs, providing $30.8 billion in income.
Statewide, 705,430 jobs are supported by the Port, providing $38.7 billion in income.
The Port supports about 2.6 million jobs in the United States, providing $126.8 billion in income.

Port-related jobs across the city have increased by 70 percent since the previous economic impact study, completed in 2004, mainly due to increased cargo volume. The earlier study showed that the Port was connected to 30,000 jobs — about one in eight — in Long Beach. On a wider scale, the previous report stated that the Port supported more than 300,000 jobs in the five-county region — Los Angeles, Orange, San Bernardino, Riverside and Ventura — and 1.4 million jobs in the United States.

Reference: polb.com

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