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:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“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)
“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)