Economy
The Port of Long Beach imports and exports more than $100 billion worth of goods every year. The seaport is responsible for producing U.S. jobs, generating tax revenue, and supporting retail and manufacturing businesses. The port supports more than 30,000 jobs in the City of Long Beach; about 1 in 8 jobs. More than $800 million a year is spent on wholesale distribution services in the city.
In the City of Los Angeles, port operations generate more than 230,000 jobs with more than $10 billion a year going to distribution services in the city.
On the state level, the Port of Long Beach provides about 370,000 jobs and generates close to $5.6 billion a year in state and local tax revenues.
Read more about this topic: Port Of Long Beach
Famous quotes containing the word economy:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)