Real Estate Forum - December 2010

The Port of Long Beach’s impact on the local, regional and national economies is substantial. More than $100 billion worth of cargo moves through the port every year, creating jobs, supporting retail and manufacturing businesses and generating tax revenues. The port measures its economic impact in five overlapping regions: the City of Long Beach; Los Angeles County; the five-county Southern California region (Los Angeles, Orange, Ventura, San Bernardino and Riverside counties); the state of California; and the entire US.

In Long Beach:

• Port operations support nearly 30,000 jobs, about one out of every eight positions.

• Nearly $1.9 billion a year is spent for port industry services (purchased primarily by foreign and domestic shippers and steamship companies).

• More than $800 million a year is spent on wholesale distribution services in the city for goods imported through the port.

In Los Angeles County:

• Port operations support more than 230,000 jobs, about one out of every 24 positions.

• Nearly $3.3 billion a year is spent for port industry services.

• Foreign consumers purchase about $5.1 billion annually in goods manufactured before being shipped to the port.

• More than $9.3 billion a year is spent on wholesale distribution services for goods imported through the port.

• Retailers spend about $4.1 billion a year selling household goods and other finished products imported through the port.

In Southern California:

• The port supports more than 315,000 jobs, about one of every 29 positions.

• The $14.3 billion in wages and salaries supported by port activity represents slightly more than 4% of all salaries and wages paid.

• More than $10 billion a year is spent on wholesale distribution services for goods imported through the port.

• Retailers spend about $7 billion a year selling household goods and other finished products imported through the port.

In California:

• Port operations support about 371,000 jobs.

• Operations generate about $5.6 billion a year in state and local tax revenues.

In the US:

• Port operations support about 1. 4 million jobs.

• About $4 billion a year is spent for port-industry services.

• Foreign consumers purchase about $18 billion a year worth of American goods shipped through the port.

• More than $32 billion a year is spent on wholesale distribution services for goods imported through the port.

• Retailers spend more than $25 billion each year selling household goods and other finished products imported through the port. SOURCE: Port of Long Beach

THE HOOVER DAM IS 660 FEET WIDE AT ITS BASE. C A P I T A L I Z E O N T H E R O C K

D O N ’ T Y O U W I S H Y O U R L E N D E R H A D S U C H A S O L I D F O U N D A T I O N

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