Freight News, People, Sea

Now That’s Job Growth!

[ November 5, 2015   //   ]

Port of Houston’s Statewide Economic Impact Surged 45% since 2011

Politicians scream jobs, jobs, jobs. The Port of Houston has proven results. Since 2011, nearly 148,000 new jobs have been generated by cargo and vessel activity at Port of Houston terminals.

An economic impact study by Martin Associates determined that public and private marine terminals at the Port of Houston had a statewide economic impact of $265 billion in 2014, which is 16% of Texas’ total gross domestic product. In fact, the study shows the port’s economic value to the state since 2011 increased $82 billion, or 45%.

“The Port of Houston is the leading driver for the greater Houston region for creating jobs and economic opportunity,” said Chairman Longoria, Port of Houston Authority Chairman Janiece Longoria.

Total jobs supported by Port of Houston marine terminals now totals nearly 1.175 million in the state of Texas. A 2011 assessment of the Port of Houston Authority’s activities found an annual statewide economic impact of $178.5 billion with more than 1 million jobs created.