Well-equipped and professionally operated ports can enhance the efficiency and profitability of the businesses that rely on them. At North Carolina Ports our commitment to excellence can help ensure success for shippers, carriers, manufacturers, distribution centers, retailers and the region as a whole. We understand the part we play in the greater economy and welcome productive, long-term partnerships.
North Carolina Ports commissioned the Institute for Transportation Research and Education (ITRE) at NC State University to assess the economic contribution of the state’s ocean ports. This project examined the current economic contribution of port services for the two publicly-owned ocean ports in North Carolina, both on a statewide and economic development region level. According to the study, port activities contribute statewide to $687 million each year in state and local tax revenues and more than 87,700 jobs.
All of those jobs have something in common – they need the services provided by the economic engine that is North Carolina Ports. Businesses desire access to the global markets where their products are sold and their resources are found. The Port of Wilmington and Port of Morehead City provide North Carolina that access, making North Carolina Ports a key factor in North Carolina’s economic growth. And the good news is that the access these ports provide is getting better.
North Carolina Ports is moving forward with a $200 million investment in infrastructure improvements. With new cranes, an enhanced berth, a wider turning basin and further expansion on the way, North Carolina’s Ports will improve upon its operational efficiencies to keep cargo moving and congestion at bay. Specifically, the Port of Wilmington is fully prepared to handle the largest vessels calling East Coast ports.
North Carolina’s Ports in Wilmington and Morehead City link the state’s consumers, businesses and industry to world markets, and serve as magnets to attract new business and industry while receiving no direct taxpayer subsidy.