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The Capitolist: PortMiami’s economic impact jumped to $61.4 billion in 2023

ortMiami’s economic impact reached $61.4 billion in 2023, according to a study published by Martin Associates this month.

The economic figure marks an increase from $41.4 billion in 2016. The port’s cruise and cargo activities now support 340,078 jobs, up from 334,500 jobs in 2016.

The study, which used the same methodology as in 2016, measured the port’s impact in terms of jobs, business revenue, consumer spending, and state and local taxes. PortMiami’s economic activity accounts for 3.9 percent of Florida’s $1.6 trillion GDP. The port also contributed $2.2 billion in state and local taxes, with $1.6 billion attributed to port users. Of the jobs supported by port activities, 29,423 are direct local jobs.

“PortMiami is not only one of Miami-Dade County’s most important economic engines, its economic impact is also felt regionally and globally,” said Miami-Dade County Mayor Daniella Levine Cava. “This report confirms the seaport’s vital role in supporting good-paying local jobs and contributing to the growth of our community, in addition to our commitment to resilience and reducing our carbon footprint with shore power and our net zero plan.”

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