City of North Bend release – A new study underscores the vital role of Oregon’s ports in the state economy, spotlighting opportunities for future enhancements. Business Oregon unveiled findings from the University of Oregon’s Institute for Policy, Research, & Engagement, revealing that Oregon’s 23 ports sustain 106,799 jobs, generate $7.1 billion in labor income, and contribute $19 billion in total economic output. Oregon’s ports, encompassing coastal, river, and dry land locations, defy traditional port definitions through their diverse economic activities. Beyond maritime operations and global trade facilitation, these ports manage industrial land, offer community facilities, and bolster state-wide recreation and tourism. Each port presents unique offerings, with no two ports alike. Ports are crucial in domestic and international trade, significantly impacting the state’s economy. According to U.S. Census foreign trade data, Oregon exported $25 billion in goods in 2021, with small or medium-sized companies accounting for 84% of these exports. Oregon ports also generated over $380 million in state tax revenues and $264 million in local tax revenues that year. The study using the IMPLAN software highlighted that Oregon ports directly and indirectly support over 220,000 jobs, accounting for 11.7% of the state’s total employment. The Oregon Ports Association, Columbia Pacific Economic Development, and ports including Portland, The Dalles, Tillamook Bay, and Coos Bay, among others, supported this research. Oregon’s public ports, recognized as unique economic assets, face challenges such as dredging, capital improvements, and dock enhancements. The report provides insights into these needs and explores potential growth and service enhancement opportunities. For the full report on the Economic Benefits and Needs of Oregon Public Ports and an interactive port map, visit http://tinyurl.com/5dmwm838
