economic impact
.-"~ A6" 'L' w , ' "w J "7.: " Economic Impact Study 13 November 2013 Economic Development Council prepared for ofSeatdeamGngCounty WORKFORCE ' '2' DEVELOPMENT COUNCIL with support from Puget sound Regioml COUHC v . Q ">133 'communiiy prepared by W attributesm EXECUTIVE SUMMARY Cluster Overview Washington State's Maritime industry is rooted in the State's rich history of timber production, its location as a trade hub, and its proximity to some of the world's most productive sheries. The Maritime Cluster includes core sectors Passenger Water Transportation; Ship and Boat Building; Maintenance and Repair; Maritime Logistics and Shipping; Fishing and Seafood Processing; and Military and Federal Operations. Companies in the cluster range from owneroperated boatbuilding rms, to Fortune 500 global logistics companies employing thousands in Washington and elsewhere. Ship and Boat Building, Maintenance and Repair, Fishing and Seafood Processing, and Maritime Logistics and Shipping are the oldest and most established sectors in the state. The region's competitive advantage in both sectors stems from Washington's geographical location. As a trading hub linking the rest of the US. to Alaska, Canada, and Asia, Washington's Maritime Logistics and Shipping sector moves goods across the globe efciently. Additionally, Washington's natural resources have supported the success of Washington's economy throughout the history of the State. Despite the maturity of the industry, newer areas of the cluster, such as the cruise industry, have only just begun to take advantage of the region's strengths for their businesses. Innovation drives growth in each sector of Washington's Maritime. Research and resource management has transformed Washington and Alaska's sheries from endangered to some of the best managed in the world. Technological advances have allowed commercial seafood processors to more efciently use and capitalize total catch of fish in the words of one company, they now make two fish out of one. Lighter building materials (rst aluminum, now composites) have enabled boat and ship builders to construct stronger, cheaper, and safer vessels for their customers. The Maritime Cluster relies on a robust and concentrated support system to fuel its growth. This includes everything from fueling operations to research, naval architects, marinas, accountants, Maritime lawyers, cold storage, boat dealers, and Public Ports. Maritime Support Services industries facilitate global movement of export goods and maintain and create new distribution channels. Each company in the cluster benefits from the agglomeration of closeby Maritime Support Services firms. Federal Government spending in the form of contracts to Naval shipyards accounts for much of Ship and Boat Building, Maintenance and Repair in Washington nearly one quarter of all Maritime jobs in the state are located in Kitsap County, home to Puget Sound Naval Shipyard. The Coast Guard and NOAA have a significant footprint in Washington, and they are substantial buyers of goods and services related to Ship and Boat Building, Maintenance and Repair in Washington. Measures and Impacts Direct Impacts In 2012 Washington's Maritime Cluster employed more than 57,700 people directly in the state, and was responsible for $15.2 billion in gross business income in 2012 War/yzagton State Mantzme Clutter November 2073 Page 1 Etonomz'c Impact Stacy numerous. Included in this subsector are more than 11,000 civilian jobs at the Puget Sound Naval Shipyards in Bremerton. Exhibit E1. Summary of Maritime Impacts, Washington State, 2012 a Gross Business Employer Wages Income Core Sectors Establishments $ millions 1 Jobs2 $millions Passenger Water Transportation 130 $262.8 4,500 $544.5 Boat and Ship Building, Repair, 150 $1,163.8 16,500 and Maintenance $1,489] Maritime Support Services 300 $387.7 4.600 $864.2 Fishing and Seafood Processing 720 $1 ,113.4 15,400 $859215 Maritime Logistics and Shipping 800 $1 ,156.0 16,700 $3,722.4 E Total 2,100 $4,083] 57,700 $15,213.3 Source: Bureau of Labor Statistics (2013), Washington State Employment Security Department (2013), US. Department of Labor Bureau of Labor Statistics, US. Census (2013). Includes covered private and public jobs, and sole proprietors. Maritime Logistics and Shipping Maritime Logistics and Shipping includes Port and harbor operations, deep and shallow water goods movement, inland water freight transport, and refrigerated warehousing and storage. This sector includes many support rms and services, such as Maritime construction rms who contract with the Ports, and longshoremen. Fishing and Seafood Products . Fishing and Seafood Products includes commercial and recreational shermen, seafood processing rms, aquaculture and sh farming, and wholesale and retail seafood markets. Alaska's distant-water commercial shing eet is home ported in Puget Sound, and the economic impact of this is very large; the sector is one of the largest single employers in the Maritime Cluster, despite a decline between 1990 and 2000. Since 2000, covered employment in the sector has remained very steady. Maritime Support Services These services include support for commercial, recreational, and defenserelated Maritime, including boat dealers, marinas, fueling and lubricant businesses, to naval architects, engineers, parts suppliers, and construction, to professional services such as attorneys and accountants, and federally-funded support involving NCAA and the Army 1 Does not include benets. 3 Employment contains selemployer data for which the latest year available is 2011. 2012 self- employment estimates are based on a ve-year average by sector. War/ngton State Mam'zme C[utter NMember 2073 Page 222 Economic Impact 51714)!
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