Port of San Diego Releases Economic Impact Report
Port generated $9.4 Billion for Local Economy in 2017
The Port of San Diego continues to serve as a vital economic engine for the region, according to the latest economic impact report that details and analyzes the Port’s recent economic activity.
In 2017, the Port’s overall economic impact on the San Diego County region was $9.4 billion, a 13 percent increase over two years, and a 22 percent increase over four years. There were more than 44,300 jobs on the Port’s waterfront, including shipbuilding and cargo handling, tourism and hospitality jobs. Through a multiplier effect, approximately one in 30 San Diego County jobs were generated by the Port.
“The results of the study reinforce the significant roles the Port of San Diego plays in contributing to our regional economy,” said Port Chairman Garry Bonelli. “As an economic engine, our Port provides good-paying jobs to tens of thousands of our residents. At the same time, our bay offers a spectacular recreational playground while the Port champions protections for our diverse ecosystem.”
The 2017 Economic Impact Report was prepared by Economic & Planning Systems and is the eighth study of its kind commissioned by the Port since 1992. The report examines the economic activity that takes place on, or is directly attributable to, the 34 miles of waterfront cared for by the Port (military installations and the San Diego International Airport make up most of the other 20 miles).