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Economic Report: Port of Oakland generates nearly 100,000 local jobs

[ September 28, 2023   //   ]

According to an economic impact report, the Port of Oakland generates 98,345 local jobs. As the second largest job generator in Oakland and the fifth largest job generator in the region, the Port remains a critical source of economic opportunity and jobs in Northern California.

The Port supported an increase of 14,201 jobs, which represents 14% growth from the previous report conducted in 2017. Approximately one in four direct Port jobs are held by Oakland residents, with a significant increase in jobs generated at Oakland International Airport (OAK), which is owned and operated by the Port of Oakland.

The study, conducted by Martin Associates, shows that the Port’s overall economic value—from business revenue, consumer spending and the total value of goods and services—tops $174 billion. That’s up 24 percent from $130 billion in 2017.

“The Port of Oakland continues to be one of the region’s leading employers, creating good-paying union jobs for local residents and families,” said Port of Oakland Executive Director Danny Wan. “These jobs are a critical contribution to the economic vitality and growth of communities in our region.”

The Port and its aviation, maritime and real estate tenants contribute a total of $970 million in state and local taxes. Of that, $497 million is generated by OAK. The study indicates that OAK plays a vital role in the economic health of the region. The increase in activity generated by OAK was particularly critical to driving the economic impact of the local visitor-serving industry.

The visitor-serving industry, made up hotel, restaurant and retail store jobs, are generated by purchases from the millions of visitors that travel through OAK. The positive economic impacts from OAK and visitors to the region generated 12,258 new jobs, the largest from the Port’s three business lines.

The study also shows an increase in economic opportunities among its three business lines — Oakland International Airport, the Seaport and Commercial Real Estate, including Jack London Square.

“The report confirms the Port’s vital role in supporting businesses and good-paying local jobs in the region,” said Port of Oakland Board President Barbara Leslie. “The Port continues to develop and expand economic opportunities on behalf of our community.”