Port Everglades has generated nearly $28.1 billion in economic activity for Fiscal Year 2024, marking a 6% increase from the previous year. This assessment was conducted by Martin Associates, a nationally recognized industry analyst, and evaluated the port’s impact in terms of jobs, business revenue, personal earnings, and state and local taxes.
The report highlights that Port Everglades’ cargo and cruise sectors support over 204,300 jobs, reflecting a 6% rise compared to Fiscal Year 2023. Among these positions are approximately 12,270 jobs directly dependent on the port’s operations—a notable increase of 13.9% from the prior fiscal year.
Joseph Morris, CEO and Port Director of Port Everglades, stated: “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.” He emphasized their focus on enhancing services for customers while contributing to the maritime industry.
In addition to direct employment figures, more than 9,550 induced jobs have been created in the greater Fort Lauderdale area. Furthermore, around 9,430 indirect jobs are supported by $785.9 million spent locally by companies involved with cargo and cruise terminals.
Port Everglades operates as a self-supporting enterprise fund under Broward County government without relying on local tax dollars for its operations or capital improvements. It contributes over $1.1 billion in state and local taxes paid by individuals whose livelihoods depend on the port’s activities.
Looking ahead to Fiscal Year 2025, Port Everglades anticipates welcoming a record number of cruise guests—estimated at 4.4 million—and is undertaking significant infrastructure projects such as bulkhead replacements. Additionally, an ongoing Master/Vision Plan Update aims to outline future multi-year investments guiding the port’s development.
