The Port of Oakland supports 84,144 jobs in the Bay Area and 20 percent of those jobs are Oakland-based, according to an economic impact study released today. The study by Martin Associates shows that the Port's overall economic value—from business revenue, consumer spending, and total value of goods and services—tops $130 billion. The Port and its tenants also contribute $698 million in state/local taxes.
The Port said the study shows that growth in its three businesses—Commercial Real Estate, Aviation and Maritime is paying off for the community.
"The report confirms the Port of Oakland's role as a jobs generator for the region," said Port of Oakland Director of Social Responsibility Amy Tharpe. "The Port creates business opportunities that provide good, family-wage jobs."
According to the study, jobs supported by the Port are up 15 percent since 2010. These are jobs created by the Port, its tenants and its customers. According to the study, there is a direct correlation between job growth and the growth of container volumes, airport passengers, and occupancy rates.
The study shows:
--Oakland International Airport has seen 62 months of consecutive growth.
--The Oakland Seaport broke cargo volume records in 2017 and 2018.
--Occupancy rates have climbed at Jack London Square over the past decade.
This study is based on the Port's activity levels, economic analysis models and surveys of those impacted by the Port of Oakland. The data is from 2017 and it was collected and analyzed in 2018. To download a copy of the Economic Impact Report, visit https://www.portofoakland.com/economic-impact-report/.
More Info: https://www.portofoakland.com/press-releases/jobs-study-port-oakland-generates-84000-jobs-bay-area/
