That among some of the findings from a just released Economic Impact Study provides glimpse into the scope of the footprint that the Port has not only in Prince Rupert but across the Highway 16 corridor.
The Report was released by the Gateway Council, which consists of the Port of Prince Rupert employers, industries and labour organizations.
Among the themes of the document and the data that is included is a look at how the Port and its partners have helped to offset the impacts of the ongoing COVID-19 pandemic.
In some notes from the report, the Council outlines the following:The study found that growing cargo volumes moving through the Prince Rupert Gateway continued to translate into significant economic benefits for communities throughout the northern BC corridor.
Some of the statistical findings of the economic impact from the study included:
32.4 million tonnes of cargo was valued at $60 billion in 2020
Total economic output from port industry activity increased 7% to $1.4 billion
Direct full-time employment in gateway businesses increased 3% to 3700 jobs
Total job growth, including indirect and induced employment, increased 9% to 7800 jobs
Total wages from direct employment in gateway businesses increased 17% to $360 million
Average annual wage in gateway businesses increased 14% to $95,000 per full-time worker
The study also notes that the economic activity generated by the Port and its partners has provided for significant tax revenue for all levels of government, with the document noting of the personal tax, corporate tax, and property tax revenues that have been delivered.
Of the distribution of that financial activity, the federal and BC governments are the largest recipient of tax revenue, but local governments increased revenues by 22% to $12 million from Port properties.
Included in the information release today is a brochure that provides for a graphics overview towards the latest Port themes, including a look a look at some of the Port expansion projects underway.
|Click to enlarge|
The members of the Gateway Council include the Prince Rupert Port Authority, CN, Ridley Terminals Inc., Prince Rupert Grain, DP World Canada, Pinnacle Renewable Energy, AltaGas Ltd., Pembina Pipeline, Ray-Mont Logistics, Quickload Logistics, Coast 2000 Terminals, Gat Leedm Logistics, Vopak Canada and the International Longshore & Warehouse Union.