NYSA releases 2020 economic impact study on the port industry

The Port of New York and New Jersey is fully open and operational. As 2020 pushes forward, our port partners, the New York Shipping Association released The 2020 Report on the Economic Value of the New York-New Jersey Port Industry. This comprehensive report gives a thorough look at the quantitative measurement of the jobs, incomes, production of goods and services and revenue for both states produced by the maritime activities.

The 2020 report summarizes two regional economic impact streams generated by the port industry: the value of port operations and the value associated with the billions of public and private dollars invested in port related infrastructure from 2014 through 2019. This is the latest asset in a continuing series of economic impact assessments produced by the New York Shipping Association, Inc., with the input and the support of the port community. The North Jersey Transportation Planning Authority, a member of the Council on Port Performance, performed the current assessment, continuing the consistent methodology used for nearly 40 years.