News Summary
Recent data from the University of Georgia reveals that port activity in Georgia now supports 650,965 jobs, indicating a growth of 41,770 jobs over the previous year. This significant increase, representing a 7% rise, emphasizes the vital role of Georgia’s ports in the state’s economy. With 12% of all state jobs connected to port activities and substantial contributions to various industries, the Georgia Ports of Savannah and Brunswick continue to establish themselves as key economic drivers.
Savannah, Georgia – Georgia Ports Activity Supports Nearly 651,000 Jobs
Recent data from the University of Georgia indicates that port activity in Georgia now sustains a total of 650,965 jobs, both full-time and part-time. This figure marks an increase of 41,770 jobs since the previous year, representing a growth of 7% from fiscal year 2023.
The economic contribution of Georgia’s ports accounts for a substantial portion of statewide employment, with 12% of the total state jobs linked to port activities. The report highlights the significance of reliable infrastructure as instrumental in propelling Georgia to be recognized as the No. 1 state for business for over a decade.
Impact of Ports on Georgia’s Economy
The Georgia Ports of Savannah and Brunswick have emerged as powerful economic drivers within the state. Collectively, Georgia’s deepwater ports are projected to generate significant economic impacts for fiscal year 2024, which runs from July 1, 2023, to June 30, 2024. Key financial figures detail the ports’ contributions, including:
- $174 billion in sales, reflecting a 2% increase from fiscal year 2023.
- $77 billion added to Georgia’s Gross Domestic Product (GDP), an increase of 7% from the prior year.
- A generation of $43 billion in income, up 7.5% compared to fiscal 2023.
Trade through Georgia’s ports not only bolsters the job market but also generates substantial tax revenue. The annual contributions from port trade include $10 billion in federal taxes, $3 billion in state taxes, and $3 billion in local taxes.
Contributions to Various Industries
Georgia’s ports are vital to nearly every industry in the state, supporting a wide range of sectors including transportation, logistics, warehousing, manufacturing, agriculture, forestry, and mining. The Georgia Ports Authority has identified key commodities linked to exports and imports through these ports.
The top export categories comprise:
- Forest products
- Food
- Automotive cargo
Conversely, the leading imports include:
- Machinery
- Retail goods
- Furniture
Enhancements and Infrastructure Development
The Georgia Ports Authority (GPA) has focused on self-financed terminal improvements that do not utilize taxpayer funds. Such enhancements have streamlined operations significantly, with the Port of Savannah managing 35 weekly vessel services and facilitating 14,000-16,000 truck moves each day, in addition to 42 double-stack trains per week.
Moreover, the Port of Brunswick has gained recognition as the nation’s busiest gateway for automobiles and heavy equipment in 2024, successfully moving 901,000 units of Roll-on/Roll-off cargo.
Community and Stakeholder Support
The impressive growth associated with Georgia’s ports is credited to the collaborative efforts of various stakeholders in the community, including employees and business partners, who play crucial roles in this economic expansion. Their contributions have facilitated continued job growth and strengthened Georgia’s position as a leader in global trade.
In summary, the report from the University of Georgia underscores the pivotal role that port activity plays in supporting employment and driving economic growth within the state, affirming that Georgia’s ports are essential to the success of multiple industries and the overall economy.
Deeper Dive: News & Info About This Topic
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Author: STAFF HERE AUGUSTA WRITER
AUGUSTA STAFF WRITER The AUGUSTA STAFF WRITER represents the experienced team at HEREAugusta.com, your go-to source for actionable local news and information in Augusta, Richmond County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Arts in the Heart Festival, Westobou Festival, and Masters Week. Our coverage extends to key organizations like the Augusta Metro Chamber of Commerce and Greater Augusta Arts Council, plus leading businesses in manufacturing and healthcare that power the local economy such as Textron Specialized Vehicles, Cardinal Health, and Nutrien. As part of the broader HERE network, including HEREAtlanta.com and HERESavannah.com, we provide comprehensive, credible insights into Georgia's dynamic landscape.
