New economic impact study showing the value of Great Lakes/Seaway shipping
A new economic impact study is providing information on the economic impacts of the Great Lakes/St. Lawrence Seaway maritime shipping industry. Released July 18, the study—Economic Impacts of Maritime Shipping on the Great Lakes-St. Lawrence Region—uses 2017 numbers to assess jobs, economic activity, tax revenue, as well as personal income and local consumption expenditures. Four breakdowns within the study provide details on what each region contributes to the value of commercial shipping in the Great Lakes and the length of the St. Lawrence River.
In summary, the study shows cargo movements representing:
- The Great Lakes/St. Lawrence Seaway system – 158.3 million short tons/143.5 million metric tons valued at $15.2/C$19.8 billion. This commerce supported 237,868 jobs and $35/C$45.4 billion in economic activity
- The Seaway system, extending the length of the St. Lawrence River – 254.6 million short tons/230.9 million metric tons valued at $77.4/C$100.5 billion. This commerce supported 328,543 jobs and $45.6/C$59.3 billion in economic activity
- St. Lawrence Seaway – 92,661 jobs and $12.9/$C16.8 billion in economic activity
- Soo Locks – 123,172 jobs in the U.S. and Canada and $22.6/C$29.3 billion in economic activity
To view the study, click here.