New Study Points to Jobs from Bellingham Coal Port
On October 27th, 2011, Floyd McKay reported in Crosscut on the release of a report by three local economists that generally supported the findings of a previous economic impact study regarding Gateway Pacific Terminal:
The major variable in economic studies is not the number of workers at the export terminal itself, which both Martin Associates and Finance and Resource Management Consultants Inc. of Bellingham put at 257, primarily longshoremen. Both studies then add to that number 173 additional “direct” jobs, such as railroad workers and crews on tugboats and ocean-going freighters. “Direct” jobs would average $94,900 annually, economists state.
Beyond these jobs, the two SSA economic studies used different formulas to come up with “indirect and induced” jobs — employment produced by terminal purchases in the community plus added employment and the effects in such areas as homebuilding, restaurant and bar workers, groceries, and other consumer-driven businesses. The Bellingham economists came in with estimates slightly higher than Martin Associates, so SSA Marine is using the average of the two: a total of 799 “indirect and induced” jobs, making a grand total of 1,229 jobs, producing annual income of $126 million.
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