Port of Vancouver USA plays a key role in our local and regional economy. The port makes investments in our facilities and leverages these improvements with private investment and other funding to attract jobs and development in Vancouver. Port facilities are leased to customers and tenants that generate jobs, infuse business into the economy, contribute to state and local taxes and provide our region with access to the global marketplace.
Every four to five years, the Port of Vancouver USA commissions a study to measure our economic impact in Southwest Washington. 2014 was a record-breaking year for the port and it shows in the most recent economic study conducted by Martin Associates:
Total annual regional economic value of cargo handled at the port’s marine terminals and revenue generated by the industrial tenants is $2.9 billion; a significant increase over the $1.6 billion of economic value generated in 2010.
Total jobs associated with port activities (including direct, indirect, induced and influenced jobs) equaled 20,202, up from 16,996 in 2010.
Of those, a total of 3,237 were directly generated by port marine and industrial activities, an increase from 2,337 in 2010.
The 3,237 jobs directly generated by port marine and industrial activities paid $159.2 million, up from $116.3 million in 2010.
Port business activities contributed $102.7 million in 2014 state and local taxes – an increase of 27 percent over 2010’s $80.8 million. These contributions support public services such as police and fire protection.