Economic Impact: Prince Rupert
Port of Prince Rupert $1 Billion Economic Impact Across Northern British Columbia
The Port of Prince Rupert generated more than C $1 billion in economic output for Northern British Columbia in 2016, according to the newly released findings of a study commissioned by the port authority. For example:
- Marine, terminal, rail, truck and logistics activities in the region directly supported the work of more than 3,100 people. Earnings associated with that work totaled more than C$260 million, equating to an average annual wage of more than C$80,000.
- An analysis of port employment revealed that half of the direct jobs were in the Prince Rupert area. Hundreds more located in communities throughout Northern British Columbia were responsible for moving more than C$35 billion worth of international trade through the port’s logistical pipeline.
- Port activity created an estimated C$112 million in personal, corporate and property tax revenues.
The study also provided a 10-year review of the port’s growth to coincide with the 10th anniversary of intermodal services through Fairview Container Terminal. During the last decade:
- Port employment grew by more than 1800 jobs
- Annual economic output increased by more than 260 percent
- Annual government revenues more than tripled
"The Port of Prince Rupert’s success is built on the hard work of the women and men that contribute to safely moving cargo through the Gateway every day," said Joe Rektor, the port’s interim president and CEO. "We’re proud of the economic contribution we’ve been able to make over the past decade. We know we need to keep working hard to stay competitive and sustain that into the future."