The just-released results of a US-Canadian research study shows that The Port of Oswego Authority (POA) made a $513 million impact on its local and regional economy. The Port of Oswego generated $201.2 million in wages, salaries and local consumption expenditures in the regional economy and supported 2,229 jobs by its maritime activity. Wind turbine sections, above, are unloaded at the port in 2022.
“This huge impact not only reflects our steady growth in the cargo tonnage we’ve handled during the last five years, but we’ve been more profitable and cost-efficient than other New York Great Lakes ports,” said William Scriber, POA executive director and CEO. “That increase has been recognized by our port receiving the Robert J. Lewis Pacesetter Award four times in the past five years for increases in international cargo tonnage shipped among Great Lakes ports.”
The study sponsors were the Great Lakes-St. Lawrence Seaway Development Corporation, the St. Lawrence Seaway Management Corporation, the American Great Lakes Ports Association, the Chamber of Marine Commerce, the Lake Carriers’ Association, and the Shipping Federation of Canada.
“The team at the Port of Oswego is working hard each and every year to continue to grow our business and support our local economy,” Scriber said. “We’re just getting started and we expect more positive impact in the years ahead.”
The Port of Oswego’s strategic location at the crossroads of the Northeastern North American shipping market puts the port less than 350 miles from 60 million people.
