Report: Port of Tampa a growing economic engine for the region and state

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The Port of Tampa generated 14,791 direct jobs in 2012, and an additional 14,397 induced jobs and 51,028 indirect and related user jobs in the local economy, according to an economic impact study just released by the Tampa Port Authority and Martin Associates. 

Port activities generate $4.2 billion in wages and salaries, with an average annual earnings of a port-dependent job at $46,300.

Including cargo, cruise, shipyard and non-maritime activity, the Port of Tampa generated $15.1 billion in economic value to the state.  Further, $389.9 million of state and local taxes were generated in 2012 by cargo and cruise terminals, including $150.9 million generated by the related users throughout the state.

The Port of Tampa has increased its economic influenced since 1996, when its impacts were estimated at around $8 billion — showing a rise of about double in just six years

“This impressive economic impact study underscores that the Port of Tampa is Tampa Bay’s economic gateway. We fare strong, diverse, and will continue to grow our business and our footprint, providing more economic value and spurring job growth well into the future. Martin Associates, one of the foremost firms in spearheading meaningful economic impact studies, has worked tirelessly to compile the relevant information, and we are extremely proud to share the results with our esteemed community,” said Paul Anderson, Tampa Port Authority CEO and port director.

Tampa’s port is Florida’s largest, most diversified seaport, and is the largest economic engine in West and Central Florida.  There are more than 8 million people within 100 miles of the Port, serving one of the largest consumer markets in the Southeast US.