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:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“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)