Port Tampa Bay, the largest and most diverse seaport in Florida, has significantly increased its economic impact on the region. According to a recent report by Martin and Associates, the port now supports over 192,000 jobs and contributes $34.6 billion to the local economy. The findings indicate that job support from port activities has more than doubled, while the total economic value supported by the port nearly doubled as well.
Paul Anderson, President and CEO of Port Tampa Bay, stated, "Port Tampa Bay is proud of its role as West Central Florida’s largest economic driver. Our port has continued to make strategic investments for our future." He highlighted investments such as deepening shipping channels and expanding containerized cargo business as key factors driving growth.
The port's economic value includes $4.6 billion in direct business revenue, $2.8 billion from re-spending and local consumption impacts, and $27.2 billion related user output from marine terminals and shipyards in 2023.
U.S. Sen. Rick Scott acknowledged the port's role in supporting Florida's growing economy: "As Florida’s largest port, Port Tampa Bay has prioritized key investments... I’m proud to congratulate Port Tampa Bay on its continued success."
The study found that Port Tampa Bay contributed $10.2 billion in personal income with an average maritime-related salary of $74,350—higher than Florida's average salary of $55,980 for all occupations.
U.S. Rep. Kathy Castor emphasized the port's importance: "With over 192,000 jobs and a $34.6 billion economic impact... this remarkable growth highlights the critical role the port plays in driving innovation."
In 2023 alone, 35 million tons of cargo and over 1.1 million cruise passengers passed through Port Tampa Bay facilities, contributing to employment across various sectors including marine cargo operations.
U.S. Rep. Laurel Lee commented on the report’s findings: "This latest report validates Port Tampa Bay’s role as West Central Florida’s largest economic driver... I am eager to see the continued growth."
State and local taxes generated by activities at Port Tampa Bay totaled $1.2 billion for 2023—a substantial increase since the last study conducted in 2015.
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