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Jacksonville Port Authority Improvement Plans and Economic Impact Overview

The Jacksonville Port Authority (JAXPORT) aims to strengthen Northeast Florida's economy by being a premier diversified port in the Southeastern U.S. It supports 50,000 jobs with an annual economic impact of $2.7 billion, encompassing direct and indirect job creation, wages, business revenue, local purchases, taxes, and Customs revenue. Upcoming developments include improvements in land, roads, rail, and harbor deepening to enhance cargo capabilities. With significant partnerships, JAXPORT is poised to meet future trade opportunities and continue its growth.

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Jacksonville Port Authority Improvement Plans and Economic Impact Overview

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  1. Jacksonville Port Authority Improvement Plans presented byTim Murphy, Senior Director Engineering and Construction

  2. JAXPORT’s Vision JAXPORT’s vision is “is to be a major economic engine in Northeast Florida by continuing to be a premier diversified port in the Southeastern United States, with connections to all major trade lanes throughout the world.”

  3. Port of Jacksonville’s Economic Impact • 50,000 Jobs • 7,000 Direct Jobs • 43,000 Indirect + Induced jobs • $2.7 billion annually in dollar impact: - $1.3 billion in wages & salaries - $743 million in business revenue - $340 million in local purchases - $120 million in state and local taxes - $258 million in U.S. Customs revenue

  4. JAXPORT Facilities

  5. Diversification:Cargo Types Breakbulk Containerized People Liquid and Dry Bulk Vehicles

  6. How JAXPORT is changing to meet future opportunities

  7. JAXPORT Trading Partners, 2006

  8. JAXPORT Trading Partners, 2016

  9. Future Developments & Initiatives • Land • Road Improvements • Rail Improvements • Harbor Deepening

  10. Expansion Plans

  11. Mitsui O.S.K. Lines (MOL)Ship Service to/from Asia • Signed 30-year lease with JAXPORT in 2005 • Will move 800,000 containers annually • Ships will sail between Jacksonville and ports in Asia beginning in late 2008. • Operations by Mitsui’s terminal operating Co., TraPac

  12. TraPac Terminal:Artist’s Conception Heckscher Drive State Road 9-A JAXPORT Cruise Terminal Existing Cargo Berth

  13. MOL/TraPac Benefits for NE Florida ECONOMIC NEW JOBS   Direct Port-related Jobs 1,647 Induced + Indirect Jobs 4,019 TOTAL NEW JOBS 5,666 PERSONAL INCOME ($millions)   Direct income and consumption $68.9 Indirect income and respending $286.3 TOTAL INCOME $355.2 BUSINESS REVENUE ($Millions) $392.4 LOCAL PURCHASES ($Millions) $151.8 STATE & LOCAL TAXES ($Millions) $33.0 Source: Martin Associates, Projected Economic Impact Study, 2005

  14. Talleyrand North

  15. Cruise Terminal • Length and Height Restrictions • Displacing Cargo Operations • Mayport Ferry • Facility to accommodate 4 vessels Mayport Location

  16. Zion Property

  17. Road Improvements Raising Heckscher Drive by Zion property

  18. Road Improvements

  19. Road Improvements

  20. Rail Improvements

  21. Harbor Deepening • St. Johns River main channel is currently 40 feet • To stay competitive and efficient, the Jacksonville Federal Channel must be deeper

  22. JAXPORT in 2017 The East Coast’s premier post-panamax port • 5 – 6 container and mixed cargo terminals • 3.2 million TEUs • 650,000+ autos and heavy equipment • 2.4 million tons of breakbulk • New cruise terminal • 450,000 passengers annually

  23. JAXPORT: Jacksonville’s Economic Engine • 75,000 – 100,000 port related jobs • $5- 6 billion annual economic impact

  24. Questions? www.jaxport.com info@jaxport.com

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