Port of Brownsville Has Positive Economic Impact

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Port of Brownsville Has Positive Economic Impact

Port of Brownsville ship channelThe Port of Brownsville supports a total of $3 billion in total economic activity for the state and is responsible for more than 51,000 jobs within the borders. These figures come from an independent analysis by Martin Associates on port activity for the 2018 calendar year.

“We celebrated a record year in tonnage earlier and are pleased to see our economic impact set a strong foundation for future growth,” said John Reed, Brownsville Navigation District chairman. “The numbers on local job growth speak for themselves as factors in the port’s development into a hub of business activity.”

Behind the numbers

The Port of Brownsville has become a major center for industrial development with over 230 companies doing business in the region. Furthermore, 51,468 jobs in Texas are related to the cargo moving through the marine terminals. This also represents jobs in ship building and rig repairs. Personal income from such employment total $2.6 billion. In addition, more than $200 million in tax revenue came from activities at the port.

The study found $151.3 million of local purchases by business supplying services at the marine terminals support 8,500 local jobs. This is also from businesses dependent upon the port for ship and receipt of cargo.

“The data clearly show that the Port of Brownsville is a remarkable resource with a reach extending far beyond the Rio Grande Valley,” said economist John Martin, author of the latest report. “With more than 51,000 jobs related to the port’s operations and more than $3 billion in total economic impact across the state, the port is a significant driver of opportunities today and in the future.”

Not in the report are revenues from leases and rents, non-waterborne activities and fishing harbor operations. These values will be in future economic impact reports.

The Port of Brownsville is a hub of major economic activity. In 2018, the port set new records in tonnage. It moved 11.3 million short tons of diverse cargo. This includes energy and liquid products, agriculture goods, aggregates, wind-turbine components and steel. The port also generated more than $24 million in operating revenue. Such activity is set to continue the positive impacts on the region’s economy and workforce.

The analysis comes from interviews from firms providing services to the cargo and vessels handled in marine terminals at the navigation districts. Measurable Impacts include jobs, employee earnings, business revenue and state and local taxes.

For a complete copy of the report, visit portofbrownsville.com.

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