Report on Philadelphia Maritime Commerce Released

From our friends at the Economy League:

The Economy League is pleased to release Maritime Commerce in Greater Philadelphia: Assessing Industry Trends and Growth Opportunities for Delaware River Ports, an evaluation of existing port conditions along the Delaware River and market-driven opportunities for expansion. The report includes an economic impact analysis, Delaware River port descriptions, global trends, and recommended strategies for ports growth. Key findings include:

* Region-wide port activity generates $69 million in tax revenues for state governments across Greater Philadelphia and more than $11 million in Philadelphia Wage Tax revenues.
* Each on-site port job supports two jobs from port activity and employee spending. Total regional port-related employment is 12,000+ jobs.
* Delaware River ports import nearly 1/2 of the nation's cocoa beans, almost 1/3 of the bananas, and a 1/4 of all fruit and nuts.
* Growing maritime commerce in Greater Philadelphia will require collaboration among Delaware River ports to leverage existing strengths and strategically invest in regional infrastructure improvements.

The full report is available online.