BROWARD COUNTY, Fla. – Port Everglades generates almost $28.1 billion in economic activity annually, according to a commissioned report for Fiscal Year 2024. In key measures, the port’s economic impact is 6% greater than in the previous fiscal year.
Nationally recognized industry analyst Martin Associates assessed the port’s economic impact for Fiscal Year 2024 (Oct. 1, 2023, to Sept. 30, 2024) in terms of jobs, business revenue, personal earnings, and state and local taxes.
The port’s cargo and cruise sectors support more than 204,300 jobs, which is a 6% increase from Fiscal Year 2023. That includes approximately 12,270 jobs that are directly dependent on the port’s business activity, which is a 13.9% increase over the previous fiscal year.
“The numbers demonstrate that our port’s position as a leading economic engine is well-earned and of great value to Broward County, and Florida’s residents and visitors,” said Joseph Morris, CEO and Port Director of Port Everglades. “As we plan for future growth, we are keenly focused on ways to improve our services to our customers and our contributions to the maritime industry.”
For induced jobs, more than 9,550 positions are generated in the greater Fort Lauderdale area. Approximately 9,430 indirect jobs are supported by the $785.9 million spent locally by companies providing services for the cargo and cruise terminals, as well as businesses that ship and receive cargo.
As a self-supporting enterprise fund of Broward County government, the port does not rely on local tax dollars for operations or capital improvements. It contributes more than $1.1 billion to state and local taxes that are paid by people dependent on the port’s activity.
The port is positioned for growth with a record 4.4 million cruise guests expected by the end of Fiscal Year 2025; major infrastructure projects underway, including the replacement of bulkheads; and an in-progress Master/Vision Plan Update to determine the next series of multi-year investments to guide the port’s development.
Fiscal Year 2024 Local and Regional Impacts Generated by Port Everglades
|
Category |
Total |
|
Jobs (Direct, Induced, Indirect, Related User) |
204,385 |
|
Economic Activity (Business Services Revenue, Related User Output) |
$28,089,401,000 |
|
State and Local Taxes |
$1,118,248,000 |
About Port Everglades
A global powerhouse for international trade, Port Everglades handles an average of more than one-million TEUs annually (20-foot equivalent units, the industry standard measurement for container volumes) and serves as a gateway to Latin America, the Caribbean, Europe and Asia. Located within the Florida cities of Dania Beach, Fort Lauderdale and Hollywood, Port Everglades is in the heart of one of the world’s largest consumer regions, including a constant flow of approximately 156 million visitors statewide and more than 6 million residents within a 100-mile radius. Port Everglades has direct access to the interstate highway system and the Florida East Coast Railway’s near-dock, 43-acre intermodal container transfer facility, and is closer to the Atlantic Shipping Lanes than any other Southeastern U.S. port. Ongoing capital improvements and expansion totaling $3 billion within the next 20 years ensure that Port Everglades continues to handle future growth in container traffic. More information about Broward County’s Port Everglades is available at PortEverglades.net or by calling toll-free in the United States 1-800-421-0188 or emailing PortEvergladesCargo@broward.org.
May 30, 2025
Media Contact:
Joy Oglesby, Public Information Officer
joyoglesby@broward.org
954-468-0195