In an announcement last week, Governor Nathan Deal reported that the U.S. Army Corps of Engineers has reached the midpoint of the Savannah Harbor Expansion Project. Deal places the project at the center of Georgia’s infrastructure plans:
Statewide impact of Georgia Ports
Citing a Corps of Engineers estimate, Georgia CEO reports that the harbor project will result in a net benefit of $282 million in transportation savings for shippers and consumers each year. Each dollar spent on construction will yield $7.30 in benefits to the nation’s economy.
The statewide economic impact of Georgia’s deepwater ports includes:
- $84.1 billion in sales (9.6 percent of Georgia’s total sales)
- $33.2 billion in state gross domestic product (7.2 percent of Georgia’s total GDP)
- $20.4 billion in income (5.3 percent of Georgia’s total personal income)
- 370,000 full-time and part-time jobs (8.4 percent of Georgia’s total employment)
- $4.5 billion in federal taxes
- $1.3 billion in state taxes
- $1 billion in local taxes.
Ports Update On the Agenda at GEA Spring Conference
Bart Gobeil, Senior Director of the Georgia Ports Authority is one of the featured speakers at GEA’s Spring Conference, scheduled for April 15 – 17 in Savannah. Gobeil will discuss the progress at Georgia’s ports and the benefits to Georgia business and the state’s economy.
Savannah Harbor Expansion Project on Schedule, Reaches Crucial Milestone, Georgia CEO, 3/1/18.