Port of Houston Generated 1 Million Texan Jobs In 2011
by: Andrew Schneider, May 23, 2012 10:05:00 am
The Port of Houston generated $178.5 billion in economic activity for Texas in 2011. That’s an increase of more than 50% from 2006, the benchmark year for the last study.
Colonel Leonard Waterworth is executive director for the port authority.
“If you think about 2006 to 2011, that was part of the Great Recession, and we still had large job growth. And the next five year numbers will be even greater than this because of things like [the] Keystone [XL] Pipeline and the Panama Canal [expansion].”
Cargo moving through the Port of Houston last year supported more than 1 million jobs throughout Texas, up a third from five years earlier. Nearly 54,000 of those jobs were directly tied to port activity, most of those held by residents of Harris County. Businesses using the port paid $4.5 billion in state and local taxes.