THE PORT OF VANCOUVER Prepared by: www.johncmartinassociates.com - - PowerPoint PPT Presentation
ECONOMIC IMPACT OF THE PORT OF VANCOUVER Prepared by: www.johncmartinassociates.com Martin Associates 941 Wheatland Ave., Suite 203 September 24, 2019 Lancaster, PA 17603 1 Why Conduct Economic Impact Studies Community Public awareness
Prepared by: Martin Associates 941 Wheatland Ave., Suite 203 Lancaster, PA 17603 www.johncmartinassociates.com September 24, 2019
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Community
Public awareness
Directors
Allocation of resources
Board Members
Project justification
Government Officials
Policy implications:
Navigational projects Port closures
Planners
Comparison of projects
Legislature
Funding requests
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Interviews with Tenants/ Service Providers Port Statistics Indirect/ Induced Models
Economic Impact Model Baseline Impacts Sensitivity Analysis
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INDUCED: 3,209
Food Shelter Transportation Medical Retail Apparel
INDIRECT: 3,220
Goods/Services M&R Equipment Utilities Fuel Insurance Terminal Operators Longshoremen Warehousing Forwarders Terminal Construction Government Trucking Rail Tenants
Purchases by Firms
Pilots Tugs Agents Maritime Services Vessel Repairs
Purchases by Employees RELATED: 13,729
Importers/Exporters
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Port of Vancouver Jobs Jobs Supported By Port of Vancouver Direct 3,910 Induced 3,209 Indirect 3,220 Related 13,729 Total Jobs 24,068
Distribution of 3,910 Direct Jobs Total Jobs Supported by The Port
2,458 1,452
CARGO NON-CARGOTENANTS
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Port of Vancouver Jobs Jobs Supported By Port of Vancouver Direct 2,458 Induced 2,421 Indirect 1,274 Related 13,729 Total Jobs 19,882
Distribution of 2,458 Cargo Direct Jobs Total Jobs Supported by The Port
32.7% 20.4% 14.9% 14.3% 5.9% 4.7% 4.1% 3.0%
STEEL GRAIN NOT ALLOCATED AUTOS/RO-RO SCRAP PETROLEUM/OLB OTHER CEMENT
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Port of Vancouver Jobs Jobs Supported By Port ofVancouver Direct 1,452 Induced 787 Indirect 1,946 TotalJobs 4,186
Distribution of 1,452 Industrial Direct Jobs Total Jobs Supported by The Port
60.8% 32.6% 6.5%
INDUSTRIAL WAREHOUSE/DISTRIBUTION MISCELLANEOUS
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200 400 600 800 1,000 1,200 1,400 1,600 AGENTS FORWARDERS SURVEYORS/CHANDLERS/MARITIMESERVICES WAREHOUSE TOWING/PILOTS BARGE GOVERNMENT PORT OFVANCOUVER MARINECONSTRUCTION ILWU RAIL TRUCK TERMINALOPERATIONS SHIPPERS/CONSIGNEES INDUSTRIALTENANTS
DIRECTJOBS
Port of Vancouver Economic Value (Billions) Direct Business Revenue $0.96 RelatedEconomic Output $2.42 Re-spending/Local Consumption $0.39 TOTAL $3.76
Cargo and Non-Cargo Tenant Activity at the Port of Vancouver Supported Nearly $3.76 Billion of Economic Value in 2018
Distribution of $955.2 Million Direct Business Revenue Total Economic Value
$492.4 $462.9 CARGO NON-CARGO TENANTS
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Port of Vancouver Economic Value (Billions) Direct Business Revenue $0.49 RelatedEconomic Output $2.42 Re-spending/Local Consumption $0.32 TOTAL $3.2
Cargo Activity at the Port of Vancouver Supported Nearly $3.2 Billion of Economic Value in 2018
Distribution of $492.4 Million Direct Business Revenue Total Economic Value
$50.9 $240.8 $84.1 $28.1 $15.5 $18.5 $37.8 $16.7 STEEL GRAIN NOT ALLOCATED AUTOS/RO-RO SCRAP PETROLEUM/OLB OTHER CEMENT
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Port of Vancouver Economic Value (Millions) Direct Business Revenue $462.9 Re-spending/Local Consumption $67.1 TOTAL $530
Non-Cargo Tenant Activity at the Port of Vancouver Supported Nearly $530 Million of Economic Value in 2018
Distribution of $462.9 Million Direct Business Revenue Total Economic Value
$322.7 $135.0 $5.2
INDUSTRIAL WAREHOUSE/DISTRIBUTION MISCELLANEOUS
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$57.6
Port of Vancouver Seaport and Non-Cargo Tenant Activity Generated $71.4 Million of Direct, Induced and Indirect State and Local Taxes
$0.3 $13.5
WA OR OTHER
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