port of oakland delivering big economic benefits
The Port of Oakland supports 84,144 jobs in the Bay Area and 20% of those jobs are Oakland-based, according to an economic impact study released Thursday (April 18). The study shows that the Port’s overall economic value—from business revenue, consumer spending, and total value of goods and services—tops $130 billion. The Port, a longtime Bay Area Council member, and its tenants also contribute $698 million in state and local taxes. In a video highlighting the study findings, Council CEO Jim Wunderman commented on the importance of the Port to the regional economy. The Port said the study shows that growth in its three businesses—commercial real estate, aviation and maritime is paying off for the community. According to the study, jobs supported by the Port, its tenants and its customers are up 15 percent since 2010.