Transcript Clark County Traffic Impact Fee Update

Economic Benefits of
Oregon Public Ports
PNWA Annual Convention
October 16, 2014
by:
Todd Chase, AICP, LEED
Presentation Contents
1. Purpose
2. Methodology
3. Commodity
Trade Overview
4. Impact
Summary
Oregon’s 23 Public Ports
Methodology
• Document Individual and Collective Port-Related
Economic Benefits
 Port-related benefits: port operations, facilities and
activities (including channel and basin dredging)
 Port tenants and related non-local visitation
• Identify Direct, Indirect & Induced Impacts (jobs,
income, value added, output)
• Describe Economic Performance Benchmarks
• Utilize Proven & Generally Accepted methods
Key Definitions
•
•
•
•
•
•
•
•
•
IMPLAN = IMPact for PLANining (economic input/output model)
IMPLAN Sectors: up to 440 detailed industry or commodity types (i.e., sector
#17 = commercial fishing)
Employment: IMPLAN includes full and part-time job estimates; tends to be
higher than Oregon Emp. Dept. estimates that report only “covered
employment” subject to unemployment insurance taxes.
Direct Impacts: jobs, output, GDP, taxes attributed to port operations, port
tenants, prior port land sales, port facilities (Marina, boat launch) and port
activities (dredge permitting).
Indirect Impacts: business-to-business economic activity (i.e., suppliers,
service inputs, such as accounting and legal firms, daycare, catering, etc.)
Induced Impacts: attributed to household spending their earnings
Labor Income: IMPLAN includes total payroll costs, labor income, and
benefits (i.e., health benefits payments, 401-k payments)
Output: annual sales/revenues less depreciation and year-end inventory
Value Added or GDP: gross domestic product. Includes labor compensation,
proprietor income, business profits and federal/state/local tax payments
4
How the IMPLAN Model Works…
Indirect
Impacts
Direct Impacts
(backward
linkages)
(supply-chain
inputs, such as
utilities, supplies,
parts, materials,
transport. and
vender services)
Direct spending
(port operations, direct
employment at port-related
businesses and related
visitation to port facilities)
Induced
Impacts
(forward
linkages)
(household
consumption
spending)
PortRelated
Benefits
Flow Chart
Commodity Trade Overview
Commodity Trade Overview
• Oregon Ports provide the link between producers
(i.e., agriculture, forest and seafood products) and
manufacturing products (i.e., electronics, food and energy
products) with global and domestic markets
• 1 in 6 jobs in Oregon are port-related Oregon Ports Strategic Plan
• Jobs related to exports pay 20-40% more than avg.
Brookings Institute, 2010 Value of Jobs study
• Portland Region ranks 4th in U.S. in export value as
share of Metro output in 2012). Brookings Institute, 2013.
Oregon’s Ports & Key Industries
Coastal Ports: seafood,
wood products, tourism
Port of Portland: global &
domestic trading hub
Columbia River Ports: agriculture,
food/beverage processing, energy,
advanced technology
Agricultural
Products &
Outdoor
Recreation
Business
& Trade
Inputs
Forest Products &
Outdoor
Recreation
Oregon’s Port-Related Industries
• Port of Portland: global/domestic trade hub,
advanced industrial products, agriculture, autos
• Columbia River Ports: agriculture,
food/beverage processing, energy, advanced
manufacturing, avionics
• Coastal Ports: commercial & recreational
fishing, seafood processing, forest products,
tourism
Rural commodities and products throughout Oregon now
rely upon Port facilities and activities (dredge permitting) to
get products to markets
Port of Portland, Portland Harbor &
Port of Vancouver Economic Benefits
•
•
•
•
•
•
•
Regional analysis, not state-wide
75,800 total jobs (direct, indirect/induced)
Output of $7.3 billion
Labor income of $3.8 billion
Annual local/state tax payments of $346 million
Annual federal tax payments of $246 million
$1 in port tax generates $6 in added local tax
payments
Columbia River Ports
[Ports of St. Helens, Cascade Locks, Hood River, The Dalles, Arlington,
Morrow, Umatilla & private terminals]
•
•
•
•
•
•
•
20,805 total jobs in Oregon (direct, indirect/induced)
Output of $3.9 billion (over half outside port
GDP of $1.6 billion
Labor Income of $856 million
Annual local/state tax payments of $162 million
Annual federal tax payments of $198 million
$1 in port tax generates $32 in added local tax payments
and $74 in annual state tax revenues
Top job sectors: dairy cattle/milk production, farming/ranching,
agriculture support activities, wholesale trade, frozen food mfg.,
food services
Port of Morrow:
ConAgra Investment Case Study
•
•
•
•
•
ConAgra Foods expanding frozen potato
processing plant in Boardman, OR
(“largest facility in the world”)
Facility will add 100 permanent, familywage jobs to Boardman economy
State, Port, County and City all
collaborated to facilitate this expansion
Facility will receive EPA Energy Star
certification
Rail, barge and highway shipping
availability were key factors in this
investment decision
Port of St. Helens:
Oregon Aero Investment Case Study
• Oregon Areo, based in Scappoose,
produces equipment for aircraft
manufacturers such as helmets, seats and
headsets
• Areo contributes $6 M in wages in addition
to subcontracts to other aviation firms in
the region
• Port-led Improvements to Scappoose
Airpark lead to a 22,000 SF expansion of
Areo’s footprint.
• Additional space allows Areo to service
larger aircraft and engage new clients
North Coast Ports
[Ports of Astoria, Nehalem, Garibaldi, Tillamook Bay, Newport, Toledo, Alsea,
Siuslaw & seafood producers and public harbors: Warrenton, Depoe Bay]
•
•
•
•
•
•
•
9,585 total jobs in Oregon (direct, indirect/induced)
Output of $1.3 billion (almost half outside port counties)
GDP of nearly $605 million
Labor Income of $384 million
Annual local/state tax payments of $58 million
Annual federal tax payments of $83 million
$1 in port tax generates $9 in added local tax payments
and $20 in state tax payments
Top job sectors: commercial fishing, food services, seafood
processing, state and federal government, recreation, wholesale
& retail trade
Port of Newport:
NOAA Case Study
• National Oceanic and Atmospheric
Administration moved Pacific Marine
Operations Center to Newport in 2011
• State, Port, County and Local funds used to
fund transportation and dock infrastructure
• Facility accounts for nearly 200 direct full
time jobs today
• Proximity to the OSU’s Hatfield Marine
Science Center enables NOAA to collaborate
with students and facility on research
• Spin-off ship repair businesses at Port of
Toledo
South Coast Ports
[Ports of Umpqua/Salmon Harbor, Coos Bay, Bandon, Port Orford, Gold
Beach, Coquille River and Brookings Harbor]
•
•
•
•
•
•
•
5,673 total jobs in Oregon (direct, indirect/induced)
Output of $666 million (almost 20% outside port counties)
GDP of nearly $299 million
Labor Income of $195 million
Annual local/state tax payments of $30 million
Annual federal tax payments of $41 million
$1 in port tax generates $3 in added local tax
payments and $8 in state tax payments
Top job sectors: commercial fishing, food services, seafood
processing, animal production, charter boats, recreation,
wholesale & retail trade
Port of Coos Bay:
Coos Bay Rail Link Case Study
• Coos Bay Rail Link connects Port of Coos Bay with Eugene and other
Willamette Valley markets
• Line closed from 2007-2011
• Port of Coos Bay lead effort to restore the rail link with funding from
local, state and federal sources
• In 2012, Coos Bay Rail Link accounted for 30 jobs, expected to double
that figure in 2013
• Line expected to reduce shipping costs by 33% below current levels
• Line now enables manufacturers to ship from Port of Coos Bay
Port of Umpqua:
Dredging Investment Case Study
•
•
•
•
•
•
Wide range of businesses benefit from
dredging: boat mfg., machine & fabrication;
seafood processing; U.S. Coast Guard; bait &
tackle; commercial & sport fishing; plus other
tourist-related businesses (hotels, RVs, food,
fuel, etc.)
1,297 jobs (977 direct + 320 indirect/induced )
$142 M in annual sales output
$83 M in annual GDP for state
$44,188 income/job in a distressed area
Dredging = real measurable benefits
Questions?
Please contact
Todd Chase, AICP, LEED
503-841-6543