Regional Economic Benefits

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More than 90 percent of global trade moves by ship. The cargos they carry include a whole host of products most people take for granted. And yet they're a part of our everyday lives.

Check the labels on your clothes. Where were they manufactured? China? Zambia? Indonesia? Have you ever stopped to wonder how so many fresh fruits are now available off-season, how your import car came to a local dealership? How about your flat-screen TV or your smartphone? Or maybe that bottle of wine, perfume, or beer you opened the other day?

All these goods – and so many more – enter (and leave) our country through the gateways we call ports. The Port of New York and New Jersey is the largest port on the East Coast of North America, and the third-largest in our nation, behind only Los Angeles and Long Beach, CA. Our port has allowed the New York City region to blossom into one of the most affluent consumer districts in the country, and therefore the world.

Businesses clamor to locate here, hoping to reap the windfall of profits that being close to the port can bring. In doing so, these enterprises support 400,000 jobs representing nearly $25.7 billion in annual wages. Many of these jobs are allotted to a variety of skilled trades. Meanwhile the port generates close to $8.5 billion in federal, state and local tax revenues.

For more information on the Port of New York & New Jersey's regional economic impact, please refer to New York Shipping Association's 2017 Economic Impact Report.

Port Economic Briefing Presentations

The Global Economy: How Many More Years of Subpar Growth

October 29, 2014

Read the presentation

The "Dull Old" Economies Show Signs of Life, as the "Great Deceleration" of Emerging
Markets Continues

November 14, 2013

Read the presentation

Top-10 Economic Predictions for 2013:Implication for the Port

January 17, 2013

Read the presentation

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