New Eco­nomic Im­pact Study Finds That the Port of Goderich Sup­ports More Than 2,700 Jobs and $397.9 Mil­lion in Eco­nomic Ac­tiv­ity

The Goderich Signal-Star - - Opinion -

GODERICH — Ac­cord­ing to a new study, ac­tiv­ity of the Port of Goderich sup­ports 2,774 jobs. In ad­di­tion, the study found that mar­itime com­merce on the wa­ter­way in 2017 sup­ported $397.9 mil­lion in eco­nomic ac­tiv­ity, $57.5 mil­lion in an­nual per­sonal in­come, and $76.2 mil­lion in fed­eral and prov­ince tax rev­enue.

The com­pre­hen­sive study, “Eco­nomic Im­pacts of Mar­itime Ship­ping in the Great Lakes-St. Lawrence Re­gion” was com­mis­sioned by the ma­rine ship­ping in­dus­try in part­ner­ship with govern­ment agen­cies, in­clud­ing the St. Lawrence Se­away Man­age­ment Cor­po­ra­tion, the Cham­ber of Ma­rine Com­merce, Trans­port Canada and more.

“This re­port so­lid­i­fies Goderich’s po­si­tion as a ma­jor con­trib­u­tor of com­merce on the Lakes and re­cent ex­pan­sion will only serve to boost fur­ther eco­nomic im­pacts for the mu­nic­i­pal­ity,” said Row­land Howe, Pres­i­dent of the Goderich Port Man­age­ment Cor­po­ra­tion. “Re­cent de­vel­op­ment im­proves and di­ver­si­fies cargo ca­pa­bil­i­ties and po­si­tions us to move into fu­ture planned de­vel­op­ment once fur­ther in­vest­ments are se­cured.” “While there has been con­sis­tent in­ter­est in the Port, the short­age of land has been a bar­rier to in­creased in­dus­trial de­vel­op­ment. We are now in a po­si­tion to en­cour­age fur­ther in­dus­trial de­vel­op­ment on the ex­panded port, and hope to move for­ward to ap­proach­ing se­nior lev­els of govern­ment in an ef­fort to iden­tify a sup­port­ing fi­nan­cial part­ner for the up to $40 mil­lion of re­quired in­vest­ment for an ad­di­tional 15 acres of land,” says Larry McCabe, Chief Ad­min­is­tra­tive Of­fi­cer for the Town of Goderich. The study mea­sured the ef­fects of cargo move­ments in 2017 at Great Lakes ports, in­clud­ing em­ploy­ment, per­sonal in­come, busi­ness rev­enue, lo­cal pur­chases, and fed­eral, provin­cial, and lo­cal taxes. Lo­cally, 788 jobs were di­rectly gen­er­ated at the ma­rine ter­mi­nals at the Port of Goderich and an­other 1,423 of in­duced jobs contributed to the lo­cal econ­omy. In 2017, ports and ma­rine ter­mi­nals on the Great Lakes Se­away Sys­tem han­dled 285 mil­lion met­ric tons of cargo val­ued at $15.2 bil­lion. This cargo in­cluded grain, iron ore, coal, man­u­fac­tured iron and steel prod­ucts, heavy lift/ project car­goes, and salt. The lo­cal data is at­tached and the full study can be found here. The study, which uses 2017 data was car­ried out by re­spected eco­nomic con­sul­tants Martin As­so­ciates of Lan­caster, Penn­syl­va­nia. Martin As­so­ciates was re­tained to per­form this anal­y­sis by a coali­tion of U.S. and Cana­dian Great Lakes and St. Lawrence ma­rine in­dus­try stake­hold­ers.

A steer­ing com­mit­tee in­clud­ing the Saint Lawrence Se­away De­vel­op­ment Cor­po­ra­tion (U.S.), The St. Lawrence Se­away Man­age­ment Cor­po­ra­tion (Canada), the Amer­i­can Great Lakes Ports As­so­ci­a­tion, the Cham­ber of Ma­rine Com­merce, the Lake Car­ri­ers’ As­so­ci­a­tion, the Ship­ping Fed­er­a­tion of Canada, Trans­port Canada, the St. Lawrence Eco­nomic De­vel­op­ment Coun­cil (SODES), and the St. Lawrence Ship Op­er­a­tors As­so­ci­a­tion pro­vided con­fi­den­tial data, guid­ance and over­sight for this study.

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