Posts Tagged “Georgia Ports”
Georgia Ports announced its activity now supports 650,965 full- and part-time jobs across the Peach State, according to a press release.
Compared to the same period last year, this raises the number to 41,770 jobs, according to an economic impact study by the University of Georgia’s Terry College of Business, representing a seven percent increase. In other words, Georgia Ports now help sustain 12 percent of total state employment, according to the study.
“Georgia’s ports are one of its strongest economic engines, fostering the development of virtually every industry,” said Jeff Humphreys, director of the Selig Center for Economic Growth, who conducted the study. “The ports are especially supportive of other forms of transportation, logistics, wholesale/distribution centers, warehousing, manufacturing, agriculture, forestry, and mining.”
According to the new findings, the statewide economic impact of Georgia’s deepwater ports in fiscal year 2024 (from July 2023 to June 2024) includes $174 billion in sales, accounting for 11 percent of the state’s total sales; $77 billion in state GDP, representing 9 percent of Georgia’s total GDP; and $43 billion in income, amounting to 7 percent of Georgia’s total personal income.
Georgia Port Authority’s top three export commodity groups for the study period were forest products, food, and automotive cargo. The top imports were machinery, retail goods, and furniture.
“At Georgia Ports, we’re proud to be part of a team where everyone is pulling together in the same direction for success,” said GPA President and CEO Griff Lynch.
GPA Board Chairman Alec Poitevint noted the terminal improvements Georgia Ports is making to support growth are self-financed through port proceeds and do not rely on taxpayers.
The Port of Savannah handles 35 weekly vessel services, between 14,000 and 16,000 truck moves per day, and 42 double-stack trains per week. The Port of Brunswick became the nation’s busiest gateway for autos and heavy equipment in 2024, moving 901,000 units of Roll-on/Roll-off cargo.