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:
“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)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)