Public Affairs Manager
Study finds Port of Everett's vitality benefits city, community
Everett, WA -A recent study by Pennsylvania-based Martin Associates determined that the Port of Everett's vibrancy and continuous activity benefits the local community by way of jobs, spending and taxes.
The study, which took into account 2004 fiscal year results, looked at the economic impact of the Port's marine cargo, property and marina divisions for job creation and financial benefit to the community. According to the study, the Port of Everett operations generate 2,070 jobs for the area and provide an economic impact of $162 million annually.
"We're very proud of the fact that the Port provides so many good, family wage jobs and so much income for our community," said John Mohr, executive director of the Port of Everett.
Martin Associates examined the economic impacts of the Port's marina and its marine cargo and property. The study found the marina provided 294 direct jobs, induced 161 jobs and generated another 248 indirect jobs - bringing the total to 703 jobs. Activity at the marina also resulted in approximately $16 million in revenue for marina businesses, $15 million in local purchases and $3.3 million in taxes.
The Port's marine cargo and properties provide 511 direct jobs, induce 250 jobs and generate 606 indirect jobs - bringing the total to 1,367 jobs. These operations also contribute $51 million in business revenues, $80 million in local purchases and $6.3 million in taxes.
"This study is very encouraging," said Jim Shaffer, president of the Everett Port Commission, "now we just have to wait and see what the final numbers look like after the new terminal business and the North Marina Redevelopment are in the mix."
In total, the Port generates more than $66 million in total revenues for businesses, $95 million in local purchases, $9 million in state and local taxes and creates 2,070 jobs for the community.
For more information on the 2004 Economic Impact study, please contact Lisa Mandt, Community Relations Representative, at 425-388-0617 or by e-mail.