PHA
2006 Economic Impact Study
Click here
for Summary Overview
To read the complete study, click
here
Ever since the Port of Houston opened
to deep-water vessels in 1914, Houstonians have recognized
that their port is an important economic catalyst. The
port is one of the most significant sources of jobs
and revenue in the community. The Trade Development
Division periodically oversees a thorough study of the
economic impact of the Port of Houston and the Port
of Houston Authority to the community.
The
latest figures from a 2006 Economic Impact Study show
the port's public and private marine terminals generate
$117.6 billion and 785,049 jobs in the State of Texas.
The study shows dramatic growth since a similar study
was done in 2002, using data collected in the year 2000.
Of the 785,049 jobs in Texas, 58,142
direct jobs are generated by the marine cargo and vessel
activity (including the cruise operations at the Port
of Houston) at the public and private marine terminals.
About 78 percent of these direct jobs are held by residents
of Harris County.
As the result of local and regional
purchases by those 58,142 individuals holding the direct
jobs, an additional 61,714 induced jobs are supported
in the regional economy.
A total of 79,127 indirect jobs were
supported by $5.9 billion of local purchases by businesses
supplying services at the marine terminals and by businesses
dependent upon the Port of Houston.
Direct jobs are those generated by
the companies providing support services to the cargo
handling and vessel-related services of the port. Related
jobs are those created locally and throughout the regional
economy due to purchases of goods and services by those
directly associated with port activity. Research shows
the port also generates $3.7 billion annually in state
and local taxes.
Increases in cargo and vessel call
activity are the primary contributing factors for the
significant increase in the Port of Houston's economic
impact status.
The
Houston Ship Channel has long been a catalyst for the
growth of Harris County. The findings of the latest
economic impact study are a strong confirmation of the
important and critical role the Port of Houston plays
both locally and regionally.
The Port Authority's Trade Development
and other staff are continuously working to attract
more cargo and new services which will benefit the community.
Martin Associates estimates that in 2006, 240.9 million
tons of domestic and foreign waterborne cargo moved
via the public and private marine terminals at the Port
of Houston. That is an increase of 50 million tons over
the past six years. Such an impressive barometer of
trade activity signifies Houston has maintained its
position as a world class port and a leader in the United
States maritime industry. If you have questions regarding
the economic impact study or its results, click
here.
The economic impact study is based
on information compiled from 1,046 firms providing services
to the cargo and vessels handled at the Port of Houston
Authority's marine terminal and the private terminals
along the Houston Ship Channel and other economic models
of spending. These firms represent all of the firms
in the Houston seaport community.
Last updated: 04/23/07
Port
of Houston Authority
111 East Loop North Houston, Texas 77029
P.O. Box 2562 Houston, Texas 77252-2562
Phone: 713-670-2400
Copyright 2006 Port of
Houston Authority All Rights Reserved
For questions and comments, send an e-mail.
Please include company name and phone number, when appropriate,
so we may better respond to your inquiry.
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