New study: Jacksonville’s seaport generates 65,000 regional jobs
August 13, 2009
Total job figures jump 45 percent since 2004
Aug.13, 2009 -- Cargo and cruise business at Jacksonville’s seaport supports 65,000 jobs across the region and generates a total of $19 billion in annual economic impact, according to newly released study findings. The study was conducted by Martin Associates, a widely-recognized maritime research firm.
In Jacksonville alone, nearly 23,000 people are employed in port-dependent positions, jobs directly relying on the port. An additional 43,000 positions are related to cargo activity in the Port of Jacksonville; these are jobs within the region’s manufacturing, retail, wholesale and distribution industries.
The new job figures reflect a 45 percent increase from findings released by the same research firm in 2004. The latest research concludes these positions provide an average annual salary of $43,980, well above the Jacksonville average of $27,215 as cited by the Jacksonville Regional Chamber of Commerce.
“Job creation in the private sector is job number one for the Jacksonville Port Authority,” said JAXPORT Chief Executive Officer Rick Ferrin. “As JAXPORT develops public seaport properties, we provide the opportunity for businesses to prosper locally. The continued growth in the number of people working in port-related positions reflects the success of this public/private formula.”
Cargo activity in Jacksonville generates nearly $19 billion in total economic activity. The benefits are clear to those working in the maritime and related industries: $1.8 billion dollars in wages and salaries to those in jobs dependent on activity at the port and another $1.6 billion in personal income for those in positions related to the activity in the Port of Jacksonville throughout the region and state.
In addition, the new study finds JAXPORT's cruise business created 460 jobs in Northeast Florida and had a $67 million economic impact on the region in 2008.