Originally established to foster economic growth in the area, Port Canaveral is fulfilling its mission through a significant economic impact on the local economy of Brevard County. This impact also can be felt throughout central Florida and statewide.

In Brevard County, Port Canaveral Generates:
    22,000+ Jobs
    More Than $902 Million in Wages
    More Than $1.3 Billion in Value Added Impact
    More Than $43 Million in Local Taxes
    More Than $87 Million in State Taxes

In Central Florida, Port Canaveral Generates:
    35,000+ Jobs
    More Than $1.4 Billion in Wages
    More Than $2.2 Billion in Value Added Impact
    More Than $80 Million in Region Taxes
    More Than $163 Million in State Taxes

Statewide, Port Canaveral Generates:
    36,000+ Jobs
    More Than $1.6 Billion in Wages
    More Than $2.5 Billion in Value Added Impact
    More Than $274 Million in State Taxes

Above data based on report provided by Braun and Tramell Economists and is for FY 2006.

Economic Impact Fact Sheet

This economic impact is the result of both direct and indirect effects. Daily operations at Port Canaveral produce direct effects in the form of earnings and employment. In addition, interactions between Port industries and non-Port industries result in increases in employment and production in the region, and spending by Port visitors and people employed by or at the Port results in ripple effects throughout the region (indirect effects).

The major sectors at the Port which generate economic impact are the Canaveral Port Authority, the cruise and cargo industries, commercial fishing, the foreign trade zone and industrial park, federal government agencies and the recreational parks.

Each of these sectors may contribute in multiple ways. For example, the economic impact of the Canaveral Port Authority (CPA) results from its spending on wages, the purchases of goods and services from businesses in the area, and spending on capital projects. The cruise industry's impact is based on direct purchases by cruise lines, wages paid to employees who are residents of the Port's impact region and spending within the impact region by non-local passengers and crew members.

Other potential economic contributions such as low-cost trade access and induced industrial development are difficult to measure and not included in these figures. However there is evidence that Port Canaveral increasingly drives local economic activity by creating opportunities for the expansion of Brevard County's business base. Based on this factor as well as its measurable direct and indirect contributions, Port Canaveral has had and will continue to have a significant impact on production, employment and earnings in Brevard County, Central Florida and the State of Florida.

Economic Impact of Port Canaveral in FY 2006 (PDF)
2005 special report on Port Canaveral's economic impact (PDF)
2005 impact study by Fishkind & Associates (PDF)