For Full Story: Dredging Today
Article By: Dredging Today
For every $1 invested in deepening, $24 will be returned to the economy, Jacksonville Port Authority (JAXPORT) said in their latest announcement named ‘Harbor Deepening Facts’.
According to the official statement, JAXPORT currently supports more than 130,000 jobs throughout the region and creates $26 billion in economic impact every year, with local jobs associated with JAXPORT’s Asian business grew more than 57 percent in a five-year period.
JAXPORT has also grown Asian container volumes nearly 100 percent since 2012.
These jobs and this business will leave Jacksonville unless the harbor is deepened to accommodate more cargo aboard today’s bigger ships, said the authority.