Calhoun Port Authority - Tanker Ship
Calhoun Port Authority
Calhoun Port Authority
P.O. Box 397
Point Comfort, TX 77978
Phone: 361-987-2813
PORT OF PORT LAVACA - POINT COMFORT
 
About the Port > Economic Impact
Rapid growth in ship traffic and cargo tonnage in recent years has dramatically increased the overall economic impact benefits generated by the Port of Port Lavaca-Point Comfort. Thousands of American families depend on the Matagorda Ship Channel for their livelihood. Raw materials and products moving through the port have a vital economic and strategic importance for our nation.

A study by Martin Associates of Lancaster, Pa., reports that the public and private marine terminals on the Matagorda Ship Channel generate more than 16,000 jobs nationwide. It also found that the port helps generate annual business revenues of nearly $2 billion.

The economic impact study finds that the port is an important economic catalyst for Texas and the Gulf Coast. The study looked at marine cargo activity in the year 2004 and the findings are based on interviews with 246 firms connected in some way to the terminals along the channel.

The study concluded that 16,582 jobs are dependent on business activity related to the Port of Port Lavaca-Point Comfort with an impact of $988 million a year in overall personal income. Approximately 5,300 direct jobs are generated by port-related activity including manufacturing, transportation, construction and services. As a result of purchases by those holding the direct jobs, an additional 4,590 induced jobs are supported throughout the economy. An estimated 6,700 indirect jobs are also dependent on the seaport. Port-related business activity generates $88 million a year in taxes paid to state and local governments and about $178 million in federal taxes.

The study found that port-related businesses generated $2.0 billion in annual revenues, excluding the value of cargo shipped through the marine terminals. Another $338 million of indirect revenue was generated with local suppliers of goods and services of firms directly dependent upon cargo activity.

Principal commodities making up the waterborne commerce on the Matagorda Ship Channel include chemicals, fertilizer, petroleum products and bauxite. A significant fishing industry also utilizes the waterway.