John Hennessy III,
P.E.
Port infrastructure in America is a critical component of economic growth, and because of that, significant capital investments distributed through grants allocated by the federal government are common. It has been estimated that between 2021 and 2025, federal investment in port infrastructure will be approximately $163 billion. These investments are focused on enhancing capacity and […]
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by Mary Scott Nabers America’s coast hosts more than 300 ports, which are vital to the U.S. economy. Annually, the ports contribute more than $5 trillion to the country’s GDP. Although port traffic was disrupted significantly by COVID-19, port traffic is greater now than ever. Before the pandemic, port officials rushed to dredge deeper channels to […]
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“…The activity that goes around seaports accounts for over a quarter of our U.S. economy, the GDP, so it’s an absolutely vital, critical piece of our economy. It accounts for over 23 million jobs and also, importantly, in these kind of tight fiscal times, that activity generates over $320 billion a year in local, state and federal tax revenue that hopefully then can also be utilized to strengthen and rebuild and modernize that infrastructure that allows for that activity.”
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