port of brownsville

October 5, 2016 Comments Off on Port of Brownsville Adds $3B to Texas Economy Views: 454 San Antonio, Texas News

Port of Brownsville Adds $3B to Texas Economy

More than $3 billion in annual state economic activity last year came from businesses at the Port of Brownsville, according to a study by Martin Associates. “The Economic Impacts of the Port of Brownsville, 2015” noted that local businesses earned $580 million in revenues by supplying cargo and vessel-handling services at the port. An additional $2.1 billion represented the value of output to the state through movement of port cargos, such as windmill farm construction and additional port-related manufacturing.

The study also noted that the port created 3,181 direct local jobs and 3,001 induced jobs by the spending of those employed directly by the port. Additionally, 1,783 indirect jobs were created by local purchases of businesses supplying services to the port, as well as businesses dependent on port activities.

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