AN ECONOMIC POWERHOUSE

Overview

The Port of Los Angeles is one of the world's largest trade gateways and the scope of its economic contributions to the regional economy is far-reaching. The Port is connected directly and indirectly with tens of billions of dollars in industry sales each year throughout the Southern California region. These sales translate into hundreds of thousands of stable local jobs and billions of dollars in wages, salaries, and state and local taxes.

Regional Port of Los Angeles benefits include:

     • 259,100 full and part-time jobs (one of every 24 jobs in Southern California)

     • 1,094,400 jobs nationwide

     • $26.8 billion annually in industry sales

     • $8.6 billion annually in regional wages and salaries ($1 of every $23 in Southern
        California)

     • $1.4 billion annually in state and local taxes

     • Approximately 70 percent of the regional direct, indirect and induced benefits connected
        to the Port occur within Los Angeles County.

The Port contributes substantially to the economy, in part, through the following activities:

Port Users

The biggest contributors to the economy, port users, are businesses that use the Port to receive imports or ship exports.  Export manufacturers are major port users. Other port users include local manufacturers who process imported unfinished goods.

Dollars: Port users generate approximately $12.1 billion and stimulate an additional $5.5 billion in local industry indirect sales. Local “re-spending” by workers employed by port users and the industries they impact amounts to approximately $4.1 billion. Each dollar of spending for port user goods and services produces about 79 cents of additional industry sales in the region.

Jobs: Port users account for approximately 6,360 direct port industry jobs (85 percent of which are trucking and warehousing jobs).

Port Industries

Port industries are businesses involved in the moving and handling of maritime cargo: vessel services; trade services; cargo handling and storage; and inland transportation.

Dollars:  Port industry services generate approximately $1.5 billion in direct sales and stimulate an additional $0.7 billion in local industry indirect sales.   Local respending by workers amounts to $0.8 billion.  Each dollar of spending for port user goods and services produces about 97 cents of additional industry sales in the region.

Port Tenants

Port tenants are the retail and other non-cargo businesses in the Port. They are most important to communities near the Port as a source of jobs, recreation and specialty consumer goods.

Dollars: Port customers contribute about $760 million in direct sales and an additional $810 million in indirect and induced sales in the local economy.

Jobs:  Direct jobs associated with port customers numbered about 6,300. For every one of these port customer jobs, nearly 1.7 additional jobs are created elsewhere in the region, for a total of 17,000 jobs

Port Construction

On average, each one million dollars of direct construction spending by the Port generates an additional one million dollars of indirect and induced spending, and generates approximately 26 direct, indirect, and induced jobs in the region.