In 2019, the Port Industry of New York and New Jersey supported more than 500,000 jobs, generated almost $100 billion in business income and more than $36 billion in personal income, and accounted for nearly $12 billion in tax revenue. That’s according to a new economic impact study conducted by the North Jersey Transportation Planning Authority. All that economic activity served to make it the second-largest container port in the United States after the Port of Los Angeles/Long Beach. The Port of Savannah was third-largest.
The study attributes some of the increased activity at the port to recent infrastructure investments of $2.9 billion, including for the raising of the Bayonne Bridge, which allows for new larger neo-Panamax vessels.
The port industry employs 239,100 workers and supports another 267,250 indirect jobs — a 26% increase in total supported jobs since 2016. Container volume there has increased by 19% since 2016. There has also been a marked increase in use of the port by cruise vessels.