Economic Impacts: Hueneme
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Port of Hueneme Jobs Impact Up 25%
Jobs tied to vessel and cargo activity Port Hueneme are up 25 percent, according to a new economic assessment. In detail, the report shows the number of indirect, direct, induced and related jobs increased from 10,226 in FY 2013 to 13,632 in FY 2015, underscoring the port’s importance as economic catalyst in Ventura Country and the state of California.
July/June is the port’s fiscal year.
Based on FY 2015 data, the study found that 2,524 direct jobs were generated by cargo moving through the port’s marine terminals. They included 413 direct jobs in the city of Port Hueneme (up from 168 in FY 2012) and 968 in Oxnard (up from 891). Direct jobs increased throughout Ventura County including the communities of Ventura, Camarillo, Thousand Oaks, Moorpark, Santa Paula, and Ojai.
The economic assessment also found that 2,651 induced jobs, 1,239 indirect jobs, and 7,218 jobs with the area’s exporters and importers resulted from cargo moving through the port’s marine terminals, making the total job count 13,632.
Indirect jobs reflect local purchases from local suppliers of parts and equipment, business services, maintenance and repair services, communications and utilities, office equipment and fuel by firms directly dependent on vessel and cargo activity at the port. Induced jobs are created by the re-spending portion of regional purchases by the 2,524 job holders. Related jobs include users of local retail, wholesale grocery/chains receiving fruit via the marine terminals and local auto dealers selling the imported automobiles.
The new study also reveal that in FY 2015 marine cargo activity at the port’s terminals supported economic activity totaling $1.5 billion, including direct business revenue and $93 million in annual state and local taxes (up from $69 million in FY 2012).
Cargo throughput during that period grew by 271,089 tons, thanks mainly to increases of 93,937 tons in general cargo and 80,422 units of automobiles. Bananas and fresh fruit grew 40,055 and 53,796 tons respectively from FY2012 to FY2015 as well.
"From an economic standpoint, we all understand that maritime trade is important on a global level, but it’s even more exciting to see the direct impact of the Port on our local economy," said Port Chief Executive Kristin Decas. "Good jobs have the power to drive sustainable economic growth. When the success of our customers contributes to the prosperity of our local community, everyone benefits."
Jobs tied to vessel and cargo activity Port Hueneme are up 25 percent, according to a new economic assessment. In detail, the report shows the number of indirect, direct, induced and related jobs increased from 10,226 in FY 2013 to 13,632 in FY 2015, underscoring the port’s importance as economic catalyst in Ventura Country and the state of California.
July/June is the port’s fiscal year.
Based on FY 2015 data, the study found that 2,524 direct jobs were generated by cargo moving through the port’s marine terminals. They included 413 direct jobs in the city of Port Hueneme (up from 168 in FY 2012) and 968 in Oxnard (up from 891). Direct jobs increased throughout Ventura County including the communities of Ventura, Camarillo, Thousand Oaks, Moorpark, Santa Paula, and Ojai.
The economic assessment also found that 2,651 induced jobs, 1,239 indirect jobs, and 7,218 jobs with the area’s exporters and importers resulted from cargo moving through the port’s marine terminals, making the total job count 13,632.
Indirect jobs reflect local purchases from local suppliers of parts and equipment, business services, maintenance and repair services, communications and utilities, office equipment and fuel by firms directly dependent on vessel and cargo activity at the port. Induced jobs are created by the re-spending portion of regional purchases by the 2,524 job holders. Related jobs include users of local retail, wholesale grocery/chains receiving fruit via the marine terminals and local auto dealers selling the imported automobiles.
The new study also reveal that in FY 2015 marine cargo activity at the port’s terminals supported economic activity totaling $1.5 billion, including direct business revenue and $93 million in annual state and local taxes (up from $69 million in FY 2012).
Cargo throughput during that period grew by 271,089 tons, thanks mainly to increases of 93,937 tons in general cargo and 80,422 units of automobiles. Bananas and fresh fruit grew 40,055 and 53,796 tons respectively from FY2012 to FY2015 as well.
"From an economic standpoint, we all understand that maritime trade is important on a global level, but it’s even more exciting to see the direct impact of the Port on our local economy," said Port Chief Executive Kristin Decas. "Good jobs have the power to drive sustainable economic growth. When the success of our customers contributes to the prosperity of our local community, everyone benefits."
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