Economic Benefits of Oregon Public Ports

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Economic Benefits of Oregon Public Ports. PNWA Annual Convention October 16, 2014. by: Todd Chase, AICP, LEED. Presentation Contents. Purpose Methodology Commodity Trade Overview Impact Summary. Oregon’s 23 Public Ports. Methodology. - PowerPoint PPT Presentation

Transcript of Economic Benefits of Oregon Public Ports

Clark County Traffic Impact Fee Update

Economic Benefits of Oregon Public Portsby:

Todd Chase, AICP, LEEDPNWA Annual ConventionOctober 16, 2014Presentation ContentsPurposeMethodologyCommodity Trade Overview Impact Summary

Oregons 23 Public PortsMethodologyDocument Individual and Collective Port-Related Economic Benefits Port-related benefits: port operations, facilities and activities (including channel and basin dredging)Port tenants and related non-local visitationIdentify Direct, Indirect & Induced Impacts (jobs, income, value added, output)Describe Economic Performance BenchmarksUtilize Proven & Generally Accepted methodsIMPLAN = IMPact for PLANining (economic input/output model)IMPLAN Sectors: up to 440 detailed industry or commodity types (i.e., sector #17 = commercial fishing)Employment: IMPLAN includes full and part-time job estimates; tends to be higher than Oregon Emp. Dept. estimates that report only covered employment subject to unemployment insurance taxes.Direct Impacts: jobs, output, GDP, taxes attributed to port operations, port tenants, prior port land sales, port facilities (Marina, boat launch) and port activities (dredge permitting).Indirect Impacts: business-to-business economic activity (i.e., suppliers, service inputs, such as accounting and legal firms, daycare, catering, etc.)Induced Impacts: attributed to household spending their earningsLabor Income: IMPLAN includes total payroll costs, labor income, and benefits (i.e., health benefits payments, 401-k payments) Output: annual sales/revenues less depreciation and year-end inventoryValue Added or GDP: gross domestic product. Includes labor compensation, proprietor income, business profits and federal/state/local tax paymentsKey Definitions4Direct ImpactsDirect spending(port operations, direct employment at port-related businesses and related visitation to port facilities)Indirect ImpactsHow the IMPLAN Model Works(backward linkages)(supply-chain inputs, such as utilities, supplies, parts, materials, transport. and vender services)Induced Impacts(forward linkages)(household consumption spending)

Port-Related Benefits Flow Chart

Commodity Trade Overview

Commodity Trade OverviewOregon Ports provide the link between producers (i.e., agriculture, forest and seafood products) and manufacturing products (i.e., electronics, food and energy products) with global and domestic markets 1 in 6 jobs in Oregon are port-related Oregon Ports Strategic PlanJobs related to exports pay 20-40% more than avg. Brookings Institute, 2010 Value of Jobs study Portland Region ranks 4th in U.S. in export value as share of Metro output in 2012). Brookings Institute, 2013.

Oregons Ports & Key Industries

Port of Portland: global & domestic trading hubColumbia River Ports: agriculture, food/beverage processing, energy, advanced technologyCoastal Ports: seafood, wood products, tourismAgricultural Products & Outdoor RecreationForest Products & Outdoor RecreationBusiness & Trade InputsOregons Port-Related IndustriesPort of Portland: global/domestic trade hub, advanced industrial products, agriculture, autosColumbia River Ports: agriculture, food/beverage processing, energy, advanced manufacturing, avionicsCoastal Ports: commercial & recreational fishing, seafood processing, forest products, tourism

Rural commodities and products throughout Oregon now rely upon Port facilities and activities (dredge permitting) to get products to marketsPort of Portland, Portland Harbor & Port of Vancouver Economic BenefitsRegional analysis, not state-wide75,800 total jobs (direct, indirect/induced)Output of $7.3 billionLabor income of $3.8 billionAnnual local/state tax payments of $346 millionAnnual federal tax payments of $246 million$1 in port tax generates $6 in added local tax payments

Columbia River Ports[Ports of St. Helens, Cascade Locks, Hood River, The Dalles, Arlington, Morrow, Umatilla & private terminals]20,805 total jobs in Oregon (direct, indirect/induced)Output of $3.9 billion (over half outside port GDP of $1.6 billion Labor Income of $856 millionAnnual local/state tax payments of $162 millionAnnual federal tax payments of $198 million$1 in port tax generates $32 in added local tax payments and $74 in annual state tax revenues

Top job sectors: dairy cattle/milk production, farming/ranching, agriculture support activities, wholesale trade, frozen food mfg., food servicesPort of Morrow: ConAgra Investment Case Study

ConAgra Foods expanding frozen potato processing plant in Boardman, OR (largest facility in the world)Facility will add 100 permanent, family-wage jobs to Boardman economyState, Port, County and City all collaborated to facilitate this expansionFacility will receive EPA Energy Star certificationRail, barge and highway shipping availability were key factors in this investment decisionPort of St. Helens:Oregon Aero Investment Case Study

Oregon Areo, based in Scappoose, produces equipment for aircraft manufacturers such as helmets, seats and headsetsAreo contributes $6 M in wages in addition to subcontracts to other aviation firms in the regionPort-led Improvements to Scappoose Airpark lead to a 22,000 SF expansion of Areos footprint.Additional space allows Areo to service larger aircraft and engage new clients

North Coast Ports[Ports of Astoria, Nehalem, Garibaldi, Tillamook Bay, Newport, Toledo, Alsea, Siuslaw & seafood producers and public harbors: Warrenton, Depoe Bay]9,585 total jobs in Oregon (direct, indirect/induced)Output of $1.3 billion (almost half outside port counties)GDP of nearly $605 millionLabor Income of $384 millionAnnual local/state tax payments of $58 millionAnnual federal tax payments of $83 million$1 in port tax generates $9 in added local tax payments and $20 in state tax payments

Top job sectors: commercial fishing, food services, seafood processing, state and federal government, recreation, wholesale & retail tradePort of Newport:NOAA Case StudyNational Oceanic and Atmospheric Administration moved Pacific Marine Operations Center to Newport in 2011State, Port, County and Local funds used to fund transportation and dock infrastructureFacility accounts for nearly 200 direct full time jobs todayProximity to the OSUs Hatfield Marine Science Center enables NOAA to collaborate with students and facility on researchSpin-off ship repair businesses at Port of Toledo

South Coast Ports[Ports of Umpqua/Salmon Harbor, Coos Bay, Bandon, Port Orford, Gold Beach, Coquille River and Brookings Harbor]5,673 total jobs in Oregon (direct, indirect/induced)Output of $666 million (almost 20% outside port counties)GDP of nearly $299 millionLabor Income of $195 millionAnnual local/state tax payments of $30 millionAnnual federal tax payments of $41 million$1 in port tax generates $3 in added local tax payments and $8 in state tax payments

Top job sectors: commercial fishing, food services, seafood processing, animal production, charter boats, recreation, wholesale & retail tradePort of Coos Bay:Coos Bay Rail Link Case Study

Coos Bay Rail Link connects Port of Coos Bay with Eugene and other Willamette Valley marketsLine closed from 2007-2011Port of Coos Bay lead effort to restore the rail link with funding from local, state and federal sourcesIn 2012, Coos Bay Rail Link accounted for 30 jobs, expected to double that figure in 2013Line expected to reduce shipping costs by 33% below current levelsLine now enables manufacturers to ship from Port of Coos Bay Port of Umpqua:Dredging Investment Case StudyWide range of businesses benefit from dredging: boat mfg., machine & fabrication; seafood processing; U.S. Coast Guard; bait & tackle; commercial & sport fishing; plus other tourist-related businesses (hotels, RVs, food, fuel, etc.)1,297 jobs (977 direct + 320 indirect/induced ) $142 M in annual sales output $83 M in annual GDP for state$44,188 income/job in a distressed areaDredging = real measurable benefits

Questions?

Todd Chase, AICP, LEED

503-841-6543Please contact