Study: Port of Virginia Has $60.3 Billion Economic Impact - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Study: Port of Virginia Has $60.3 Billion Economic Impact


NORFOLK, Va. (AP) - A study by the College of William and Mary says the Port of Virginia's economic impact in Virginia is more than $60 billion.

The port contracted with the college's business school to measure its economic impact on the commonwealth during the 2013 fiscal year.

The last economic impact study conducted for the port measured the 2006 fiscal year. Back then, the port's economic impact was about $41 billion.

Among other things, the new study says nearly 375,000 Virginians have jobs directly or indirectly related to the port. That's up from 343,000 in 2006.

The study released Monday says the port's contribution to the gross state product was $30.5 billion.

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