Economic Impacts: Port Everglades

Port Everglades: New Study Documents Sharp Gains in Jobs and Other Economic Impacts in Florida

Higher containerized cargo and passenger volumes at Port Everglades helped to increase the number of jobs and economic activity in Florida during the past fiscal year, according to a newly released economic impact study. The study compares figures from fiscal years 2013 and 2014 (October 1 through September 30) based on customized models developed for the port’s cruise and cargo sectors.

Total statewide economic activity generated by the cargo and cruise activity at Port Everglades increased by 10.1 percent, from $25.7 billion in FY2013 to nearly $28.4 billion in FY2014. This growth was driven by record increases in containerized cargo and the cruise passenger numbers. Port Everglades handled more than 1.0 million container TEUs and approximately 4.0 million cruise and ferry passengers in FY 2014.

Highlights from the study include:

Nearly 2,000 new direct jobs, totaling 13,322, were created during FY2014 for a 16.5 percent increase from FY2013. Direct jobs are those employed by local companies that provide support services to the port.
Statewide, more than 21,000 new jobs (direct, indirect, induced and related user) were created in FY2014, for a 10.5 percent increase from FY2013. As a result, Port Everglades supports a total of 224,054 jobs in Florida.

These jobs resulted in a 12.2 percent increase in personal income locally, and a 10.3 percent increase statewide from FY2013.

Total state and local tax collections also increased, by 10.3 percent from $733.5 million in FY2013 to $809 million in FY2014.

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