The Working Waterfront’s Economic Impact
Overall, the port’s maritime business generates about $7.6 billion in economic impact to the San Diego region. It also accounts for 42,000 jobs in the region, with 5,000 of those along San Diego’s waterfront alone. These jobs are rooted in the region’s maritime industry, and the average salary and benefits are about $60,000 a year (Economic and Fiscal Impacts of the Port of San Diego”, Economics Research Associates, 2007).
For the 2008-2009 fiscal year, 2.8 million metric tons of cargo passed through the terminals.That includes 264,710 vehicles and 96,817 containers.
The Working Waterfront’s Marine Terminals
The Port’s two maritime cargo terminals are the Tenth Avenue Marine Terminal in San Diego and the National City Marine Terminal in National City. Together, the terminals handle containers, dry and liquid bulk cargos, such as cement, fertilizer, jet fuel and diesel fuel, refrigerated products — 185 million bananas a month at Tenth Avenue — and automobiles in National City.
Other products include bagged cement, bagged fertilizer, bagged sand, fruit and other cargos that are transported throughout Southern California, northern Mexico and to other points in the United States. In fiscal year 2010, 2.8 million metric tons of cargo was imported through the two marine terminals and maritime revenue totaled $40.7 million.
The Working Waterfront’s Cruise Ship Business
The Port also operates a cruise ship terminal at the B Street Pier and in December 2010 opened a new cruise ship terminal on Broadway Pier. The cruise business is an important component of the Port of San Diego. While the number of cruise calls was down this year because of the world-wide economic downtown, we anticipate this segment of the business will rebound. In fiscal year 2010, 209 cruise ships stopped at the Port of San Diego, bringing nearly 780,000 passengers.
Each home-ported ship that calls on the Port of San Diego has an economic impact of $2 million on the region. Home-ported ships are those with cruises that begin and end at the Port of San Diego. The other cruises that just stop here have an economic impact of $1 million on the region. This impact is counted in the jobs that the cruise industry provides. Jobs include everything from the people who work on the ships, to people who deliver supplies for the ship. For example, florists, grocers, linen supply companies, cleaners, truckers, travel agents, bus drivers, tour operators, and many more.
These cruise passengers also spend lots of money in the region. They may go to Sea World or the Zoo, Balboa Park, or other attractions. They may stay in hotels and eat in restaurants.