Tuesday, August 19, 2008
SAN DIEGO, Calif. - San Diego’s two maritime terminals have an annual economic impact of $1.8 billion and help create more than 19,000 jobs according to a report released today by the San Diego Institute for Policy Research.
To equal the economic impact of the maritime terminals, the region would need to annually host four Super Bowls or 12 United States Golf Association Open Championships.
As detailed in the report the jobs associated with the two maritime terminals pay wages well in excess of the region’s median wage. In 2007 maritime jobs paid a median wage of $54,0032 while the county’s median wage was $42,220. Some jobs, such as longshoreman ($93,764), clerks at the terminal ($120,431) and dock foremen ($161,636) are among some of the highest paying jobs in the region.
Steve Francis, Chairman of the San Diego Institute, stated “The 10th Avenue and National City Marine Terminals are vital economic engines. Together they support thousands of good paying jobs and have a tremendous economic impact on the region. Proposals that would rezone this land, such as the initiative on the November ballot that is being pushed by out-of-town developers, are detrimental to our region’s economy and a poor way to make major land use decisions.”
A full copy of the report is available by contacting the National University System Institute for Policy Research.
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