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$8.5B

October 27, 2017

According to an economic impact study just released by the New York Shipping Association, the port industry of New Jersey and New York accounted for nearly $8.5 billion in federal, state, and local tax revenue last year and supported more than 400,000 jobs.

In addition, the port industry was responsible for $25.7 billion in personal income and $64.8 billion in business income, according to the study conducted by the New Jersey Transportation Planning Authority.

The study also reports that the port industry currently employs 229,000 workers and supports another 171,000 indirect jobs. That number is up nearly 20 percent since 2014.

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