Reveals port as a driving force in Broward County’s strong economy
BROWARD COUNTY, FL – Elevated containerized cargo and passenger volumes at Broward County’s Port Everglades strengthened economic activity and create new jobs in Florida, according to a newly released report for fiscal year 2018 (October 1 through September 30) by internationally recognized maritime research company Martin Associates. Overall, the study reflected positive growth in all economic indicators including jobs, personal income, economic activity, local purchases and state/local taxes.
“These numbers clearly demonstrate that Port Everglades is a driving force in our strong economy, greatly contributing to the quality of life in Broward County and throughout Florida. The cargo, cruise and fuel operations create jobs and income, provide opportunities for local businesses, bring visitors to our area and generates billions of dollars in tax revenue that support cities and communities here and throughout the state,” said Broward Mayor Mark Bogen.
Economic activity reached nearly $34 billion in FY2018. This growth was propelled by year-over-year increases in containerized cargo and the number of cruise passengers. Port Everglades is the 11th busiest container cargo port in the United States moving 1.1 million TEUs (20-foot equivalent units, the industry standard measurement for container volumes) in FY2018, and is among the top three cruise homeports in the world, with 3.8 million cruise and ferry passengers.