2014 Port of Seattle Economic Impacts

The Port of Seattle is one of the Pacific Northwest’s leading economic engines. From fishermen and longshore workers to hay growers in Central Washington, and from shops in tourist destinations like Pike Place Market to corporate giants like Microsoft and Boeing, the port touches nearly every aspect of the economy. The port retained Martin Associates to measure the port’s economic contribution based on business activity data collected in 2013. The report demonstrates that the port is a strong driving force for sustainable regional prosperity. It shows that marine cargo activity, fishing, cruise operations, recreational boating, port real estate tenants and Seattle-Tacoma International Airport combine to generate the following: • 216,271 jobs, including 129,744 direct jobs • $9.6 billion in personal income • $19.8 billion in business revenue • $894.4 million in state and local taxes 150,000 Port of Seattle Microsoft Boeing University of Washington 100,000 50,000 DIRECT JOBS DIRECT IMPACTS Jobs and business revenue directly generated by port activity Longshore workers, truckers, airlines, airport concessions, security and fishermen RELATED IMPACTS Benefits resulting from activity by firms that use port cargo and passenger facilities Farmers, manufacturers and businesses that depend on air travel DIRECT IMPACTS FROM THE VISITOR INDUSTRY Jobs and revenue directly generated by tourist activity associated with the airport and cruise business Hotels, restaurants and retail stores INDIRECT IMPACTS Jobs and revenue resulting from purchases by port-related businesses Equipment suppliers and business services like insurance and law firms INDUCED IMPACTS Jobs and revenue resulting from purchases by direct employees…
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