Green Bay port adds $147M to area economy

Posted on Sep 10, 2018 :: Insight on Business, Web Exclusive.
Posted by of Insight Publications

The Port of Green Bay is a major driver in the Green Bay area economy, contributing $147 million to the economy while supporting 1,289 jobs, according to a new report.

Economic Impacts of the Port of Green Bay looked at the impact created in 2017 by all cargo and vessel activity at the port. The last study was conducted in 2011.

“Although we know that shipping generates employment opportunities for the region and brings money into our communities, it’s very helpful to be able to have updated information about our impact,” Dean Haen, director of the Port of Green Bay, said in a news release.

The Port of Green Bay is the westernmost port of Lake Michigan and provides a direct shipping route from the Midwest to the rest of the world, Haen said.

The port has 14 terminals located along three miles of the Fox River, including nearby Foreign Trade Zones. In 2017, Port of Green Bay tonnage totaled 1.83 million metric tons of cargo. Key commodities coming through the port include limestone, coal, cement, salt, iron and petroleum products.

The study also found that port activities produced an estimated $82 million in income and $9 million in state taxes. In the 2011 study, which used numbers from 2010, the port had an economic impact of $83 million and supported 832 jobs.

“Our goal is to keep growing that impact,” Tom Klimek, president of the Brown County Harbor Commission, said in a news release. “We’re working toward establishing a rail/truck/water intermodal facility. We’re also exploring fertilizers, finished steel products and other possibilities to take advantage of the domestic and international opportunities the port provides the region.”