INDIANAPOLIS (Inside INdiana Enterprise) — A brand new examine reveals Indiana’s three ports contribute $8.2 billion per 12 months to the Indiana financial system. The examine, which was carried out by Colorado-based Martin Associates and is finished each 5 years, says the Ports of Indiana help 51,000 jobs and generate greater than $552 million in state and native taxes.
The examine is predicated on 2019 information measuring jobs, revenue, enterprise income and financial output. The Ports of Indiana says the $8.2 billion determine is a 5% enhance from the earlier examine.
In line with the examine, Indiana’s three ports, situated in Burns Harbor, Jeffersonville, and Mount Vernon, dealt with greater than 16 million tons of cargo, together with coal, iron ore, metal merchandise, and agricultural merchandise.
“Maritime performs a big half in our state’s financial system,” Ports of Indiana Chief Govt Officer Vanta Coda stated in a information launch. “2021 seems to be one other sturdy 12 months and we hope to see worldwide shipments develop. Transportation is all about greater, higher, sooner; that’s all the time our aim. Merely put, Ports of Indiana is a long-time supporter of Indiana and can proceed to play an important function in supporting our state’s financial system, jobs, tax assets and their respective communities.”
The Ports of Indiana says wanting ahead, it plans to speculate $50 million in infrastructure enhancements by 2025. The state’s port authority manages 2,800 acres of land that homes greater than 75 firms.
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