The Port of Prince Rupert Makes Northern BC Work
The Port of Prince Rupert is sustaining its strong growth as a key North American gateway and this is having a positive impact on communities across northern British Columbia.
The results of the Port’s 2016 economic impact study are impressive and demonstrate the continued growth and diversification of the Gateway industry in the region.
The study found that transportation of $35 Billion worth of exports and imports through the Port generated over $1 Billion in annual economic activity and is creating new, well-paying job opportunities for skilled workers across northern B.C.
Employment in port-related activities has more than doubled since 2009. Marine, terminal, rail, truck and logistics activities in the region directly supported the work of more than 3,100 people. After adding indirect jobs – from businesses providing supplies and services to the industry – the employment total rises to over 5200.
This combined workforce generates more than $390 million in wages for families in communities across northern BC, an increase of over 250% since 2009. In addition, the average annual wage in 2016 rose to over $83,000.
It’s not just working men and women and their families who are benefitting from this growth. Annual tax contributions to all levels of government from the companies and workers that keep the port moving now exceed $110 million annually.
This includes over $7.5 million in 2016 to local municipalities in the Prince Rupert area through payments in lieu of taxes from PRPA, property taxes from terminals and PRPA tenants, and the Port Competitiveness Transfer from the provincial government to local governments.