Make us your home page
Instagram

Port Tampa Bay economic impact rises to $17.2 billion, study says

Port Tampa Bay, where two new container gantry cranes were installed earlier this year, had a $17.2 billion regional economic impact in 2015, according to a study released Thursday. [ANDRES LEIVA   |   Times]

Port Tampa Bay, where two new container gantry cranes were installed earlier this year, had a $17.2 billion regional economic impact in 2015, according to a study released Thursday. [ANDRES LEIVA | Times]

Port Tampa Bay released a report Thursday that shows it contributes $17.2 billion in economic impact to the region, which grew from the $15 billion reported in 2013, the last time the port commissioned a study.

The economic impact report studied financial figures for 2015, according to a news release, and was completed by the firm Martin Associates. The purpose of the study is to measure the local, regional and state impact of Port Tampa Bay generated by maritime activity at its cargo, cruise and shipyard terminals.

The report outlines that Port Tampa Bay supports 85,000 jobs directly and indirectly related to its operations. Total port-related wages and salaries grew to $5.1 billion and the mean salary for port-dependent jobs was $55,000.

Cargo activity at the port's public and private terminals increased 3.4 million tons from 2012 to 2015, according to the release. The growth was driven by limestone and phosphatic fertilizers, petroleum products and break bulk steel.

"In the short time I have been at Port Tampa Bay, we have been named the port operator of the year by Lloyd's List … but having this study validates the incredible work our team at Port Tampa Bay and our partners provide here. It truly is a testament to our outstanding port community," said Paul Anderson, port president and CEO in a statement. "We look forward to increasing that overall economic impact in the years ahead, with a variety of opportunities and projects that we will be announcing."

Port Tampa Bay economic impact rises to $17.2 billion, study says 12/01/16 [Last modified: Thursday, December 1, 2016 7:05pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Judge throws out $458,000 condo sale, says Clearwater attorney tricked bidders

    Real Estate

    CLEARWATER — Pinellas County Circuit Judge Jack St. Arnold on Monday threw out the $458,100 sale of a gulf-front condo because of what he called an "unscrupulous" and "conniving" scheme to trick bidders at a foreclosure auction.

    John Houde, left, whose Orlando copany was the high  bidder June 8 at the foreclosure auction of a Redington Beach condo, looks in the direction of Clearwater lawyer and real estate investor Roy C. Skelton, foreground,  during a hearing Monday before Pinellas County Circuit Judge Jack St. Arnold.  [DOUGLAS R. CLIFFORD   |   Times ]
  2. Pasco EDC names business incubator head in Dade City, will open second site

    Business

    Pasco County economic development officials are busy reigniting their business start-up resources following the departure earlier this year of Krista Covey, who ran the Pasco Economic Development Council's SMARTStart business incubator in Dade City.

    Andrew Romaner was promoted this summer to serve as program director of the Dade City SMARTStart Entrepreneur Center, a start-up incubator service of the Pasco Economic Development Council. He succeeds Krista Covey, who relocated to Texas for another startup position. [Courtesy of Pasco EDC]
  3. Proposed Tampa tax increase prompts second thoughts about Riverfront Park spending

    Local Government

    TAMPA — Julian B. Lane Riverfront Park has a $35.5 million price tag with something for everyone, including a rowers' boathouse, a sheltered cove for beginning paddlers, an event lawn, a community center with sweeping views of downtown and all kinds of athletic courts — even pickleball! — when it opens …

    Expect the $35.5 million redevelopment of Julian B. Lane Riverfront Park to be a big part of the discussion when the Tampa City Council discusses Mayor Bob Buckhorn's proposed budget and property tax increase this Thursday. LUIS SANTANA   |   Times
  4. Record $417 million awarded in lawsuit linking baby powder to cancer

    Nation

    LOS ANGELES — A Los Angeles jury on Monday ordered Johnson & Johnson to pay a record $417 million to a hospitalized woman who claimed in a lawsuit that the talc in the company's iconic baby powder causes ovarian cancer when applied regularly for feminine hygiene.

    A bottle of Johnson's baby powder is displayed. On Monday, Aug. 21, 2017, a Los Angeles County Superior Court spokeswoman confirmed that a jury has ordered Johnson & Johnson to pay $417 million in a case to a woman who claimed in a lawsuit that the talc in the company's iconic baby powder causes ovarian cancer when applied regularly for feminine hygiene. [Associated Press]
  5. Superior Uniform acquires Los Angeles-based PublicIdentity

    Corporate

    SEMINOLE — A subsidiary of Seminole-based Superior Uniform Group has acquired Los Angeles-based branded merchandise company PublicIdentity Inc.

    Superior Uniform Group CEO Michael Benstock
[Courtesy of Superior Uniform Group]