Washington is the most trade-dependent state in the nation, with 40 percent of jobs related to international trade. The Port of Tacoma is considered one of the region's economic engines.
A study released in November 2014 highlighted the economic impact of the Port's real estate and marine cargo operations in 2013:
- Supported more than 29,000 jobs
- Generated nearly $3 billion in economic activity
- Produced more than $223 million annually in state and local taxes to support education, police, fire services and road improvements
Supporting 29,000 jobs
The analysis, performed by Martin Associates, focused on direct, indirect and induced jobs:
- 12,436 direct jobs include trucking companies and railroads moving cargo to and from terminals and warehouses, longshore workers, steamship agents and freight forwarders.
- 5,918 indirect jobs include office supply firms, maintenance and repair firms, and parts and equipment suppliers.
- 10,756 induced jobs are those created by people directly employed by marine cargo operations re-spending their wages in the community on housing, food and other consumer goods.
If the farmers and manufacturers who ship products through the Port of Tacoma were factored in, the port’s activities reached 267,000 jobs overall in Washington.