Economic Sunshine in the Sunshine State
Between 2012 and 2016, the fifteen major ports of Florida added 200,000 jobs and handled 7.9 million tons more cargo. And at $117.6 billion, the economic operations of these ports contribute 13.35% of the state’s Gross Domestic Product (GDP).
These are some of the observations recorded in the study The Statewide Economic Impacts of Florida Seaports authored by the Florida Ports Council. Impressive figures these! And by the looks of it, sunny economic weather is here to stay in Florida.
Governor of Florida, Rick Scott celebrated some of these achievements on December 13 this year at Port Tampa Bay, the port that commissioned two cranes capable of dealing with post-Panamax ships.
Over the last five years, the state has invested $1 billion in its ports. The investment has started bearing fruit and the results are no less than spectacular. These achievements are only the beginning.
Governor Scott has set his sights much higher. He wants these ports and the vibrant economic activity they inspire to make Florida a gateway to Latin America given the fact that the Panama Canal has just been expanded to support larger ships.