Port of Toledo supports $669 million in economic activity and more than 7,000 jobs
The Toledo-Lucas County Port Authority is pleased to share the results of The Great Lakes Seaway Partnership’s Economic Impacts of the Port of Toledo, a report documenting the many contributions made by the port authority and Great Lakes/ Seaway shipping to the City of Toledo, Lucas County, State of Ohio and Great Lakes region.
The study reports that in 2017, the Port of Toledo and maritime commerce supported:
- 7,083 jobs
- $669 million in economic activity
- $513 million in personal income and local consumption expenditures
- $180 million in federal and state tax revenue
“The Toledo-Lucas County Port Authority had an exceptional year in 2017,” says Paul Toth, President and CEO of the port authority. “One of our major initiatives was the launch of Cleveland-Cliffs, Inc.’s first hot briquetted iron (HBI) production plant at Ironville Terminal in East Toledo. This project will bring an additional 100 ships annually to call on the Port of Toledo, create up to 130 permanent jobs, more than 1,200 construction jobs, and represents a $700 million investment in the Toledo Region.”
This momentum continued throughout the year with general bulk and breakbulk cargo into the port.
“We expect to finish the 2018 navigation season with a busy schedule of international vessel traffic at the general cargo terminal operated by Midwest Terminals and continued activity at grain facilities,” says Joe Cappel, Vice President of Business Development for the port authority.
The study reflects the contributions the port provides to the Great Lakes/St. Lawrence region,” says Steven A. Fisher, Executive Director of the American Great Lakes Ports Association. “The jobs supported by the maritime industry include not only those located directly on the waterfront—shipyard workers, stevedores, vessel operators, terminal employees, truck drivers and marine pilots—but also grain farmers, construction works, miners and steelworkers. Many of these jobs would vanish if not for a dynamic maritime industry.”
The Economic Impacts of Port of Toledo full report can be downloaded by clicking here. The Economic Impacts of Maritime Shipping in the Great Lakes-St. Lawrence Region Executive Summary and full report can be downloaded by clicking here.