capa – Pacific Maritime Magazine

14 Mar

Study: California Ports a Major Economic Generator for U.S.

Karen Robes MeeksNews Briefs, PMM Online News, Terminal Operationscalifornia, capa, ports

Ports in California account for billions in tax revenue and millions of jobs in the United States, according to a new study prepared by Washington-based consulting firm BST Associates. The study was first shared with state lawmakers in February for Ports Day 2023, a yearly day of advocacy for the California Association of Port Authorities (CAPA). According to the study, California ports generated $416 billion in trade value in 2020, $38.1 billion in tax revenue, and an estimated 3.1 million jobs, including over 800,000 export-related jobs and close to 2.3 million import-related jobs. These jobs, according to the study, create…

01 Nov

West Coast Port Projects Net Major MARAD Funding

Karen Robes MeeksNews, News Briefs, PMM Online Newscapa, infrastructurefunding, marad

Various port infrastructure projects along the U.S. West Coast have received a significant financial boost from the Maritime Administration. MARAD announced Oct. 28 that projects in California, Oregon, Washington, Alaska and Hawaii were among the recipients of the administration’s Port Infrastructure Development Program. The $703 million, which comes from the Bipartisan Infrastructure Law and Congressional appropriations, funds a total of 41 projects in 22 states, with major amounts including $47.3 million for the Kapalama Container Terminal Project in Honolulu and $24.3 million for the Terminal 6 Infrastructure Improvements Project in Portland, Oregon. Grant recipients in Alaska include: $68.7 million for…