Port of Oswego Economic Impacts Study Released – Supports $26.7 Million in Economic Activity, Over 209 Jobs
Washington, DC (September 25, 2018) – The Great Lakes Seaway Partnership announces the release of Economic Impacts of the Port of Oswego, a report documenting the many contributions made by the Port and Great Lakes Seaway Shipping to the City of Oswego, Oswego County, State of New York and Great Lakes region.
The study reports that in 2017 the Port of Oswego and maritime commerce supported:
- 209 jobs
- $26.7 million in economic activity
- $13.8 million in personal income and local consumption expenditures
- $5.8 million in federal and state tax revenue
As the first U.S. port of call and deep-water port on the Great Lakes from the St. Lawrence Seaway, we are accessible from any international port in the world, says William Scriber. Acting Executive Director, Port of Oswego. “That’s why we are one of the most productive ports in North America, with more than one million tons of cargo moving through the port on an annual basis. This report reinforces the economic impact that our port has globally and more importantly, locally here in Oswego and the great State of New York.”
“The significant economic activity of the Port of Oswego is proof positive that the Port remains a catalyst for the Central New York economy,” says U.S. Senate Minority Leader Charles E. Schumer. “I will continue to work side-by-side with the Port of Oswego officials to ensure they have the resources needed to continue to grow for years to come.”
“The study reflects the important contributions the Port of Oswego provides to the Great Lakes-St. Lawrence Region,” says Steven A. Fisher, Executive Director of the American Great Lakes Ports Association. “The jobs supported by the maritime industry include not only those located directly on the waterfront – shipyard workers, stevedores, vessel operators, terminal employees, truck drivers and marine pilots – but also grain farmers, construction works, miners and steelworkers. Many of these jobs would vanish if not for a dynamic maritime industry.”
The Economic Impacts of Port of Oswego full report can be downloaded at www.greatlakesseaway.org/economy
The Great Lakes-St. Lawrence Seaway Navigation System
Economic Impacts of the Port of Oswego is a companion report to the broader Great Lakes-St. Lawrence study titled Economic Impacts of Maritime Shipping in the Great Lakes-St. Lawrence Region, a year-long study of the economic impacts of the entire Great Lakes-St. Lawrence Seaway navigation system.
The study reports that in 2017 in the United States and Canada, maritime commerce supported:
- 237,868 jobs
- $35 billion in economic activity
- $14.2 billion in personal income and local consumption expenditures
- $6.6 billion in federal, state/provincial and local tax revenue
The Economic Impacts of Maritime Shipping in the Great Lakes-St. Lawrence Region Executive Summary and full report can be downloaded at www.greatlakesseaway.org/economy.
* The Great Lakes-St. Lawrence Seaway System includes impacts of domestic and international cargo that has travelled at some point through the Great Lakes, its connecting rivers and the St. Lawrence Seaway (ending at St. Lambert Lock in Montreal). It excludes Quebec commerce that moves exclusively between Canadian ports on the lower St. Lawrence River, as well as commerce between these Canadian lower St. Lawrence River ports and overseas ports.
About the Port of Oswego
The Port of Oswego is the first U.S. port of call and deep-water port on the Great Lakes from the St. Lawrence Seaway. Located on Lake Ontario on route to the interior of North America, and is accessible from any international port in the world. The historical port is also home to Oswego Marina, the H. Lee White Marine Museum, historic maritime district, and fourteen companies that call it home for its domestic and international operations. The Port of Oswego’s strategic location at the crossroads of the Northeastern North American shipping market, puts us less than 350 miles from 60 million people. As one of the most productive ports in North America with nearly 120 vessels and more than one million tons of cargo moving through the port on an annual basis, the Port is a leader not only in domestic shipping, but also international shipping.
For more information, please visit www.portoswego.com
About the Great Lakes Seaway Partnership
The Great Lakes Seaway Partnership is a coalition of leading US and Canadian maritime organizations working to enhance public understanding of the benefits of commercial shipping in the Great Lakes Seaway region of North America. The organization manages an education-focused communications program, sponsors research and works closely with media, policy makers, community groups, allied industries, environmental stakeholders and the general public to highlight the positive attributes of marine transportation.
For more information, please visit www.greatlakesseaway.org
About the Economic Impacts Study
The Economic Impacts of Maritime Shipping in the Great Lakes-St. Lawrence Region, which uses 2017 data, was conducted by economic consultants Martin Associates of Lancaster, Pennsylvania, a global leader in transportation economic analysis and strategic planning. Martin Associates was retained to perform this analysis by a coalition of U.S. and Canadian Great Lakes and St. Lawrence marine industry stakeholders, including: Saint Lawrence Seaway Development Corporation, the St. Lawrence Seaway Management Corporation, the American Great Lakes Ports Association, the Chamber of Marine Commerce, the Lake Carriers Association, and the Shipping Federation of Canada. The analysis was developed from comprehensive interviews with more than 750 individual firms with 1,105 operations throughout the region. The report provides the navigation community, transportation planners, government policy makers and the general public with an assessment of the economic impacts of the entire Great Lakes-St. Lawrence Seaway navigation system.