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Port of Virginia

Details about the economic engine

Port of Virginia

Details about the economic engine

//April 28, 2022//

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In fiscal 2021, the set cargo records, generating more than $100.1 billion in ancillary economic impact, according to a report from William & Mary’s Raymond A. Mason School of Business in conjunction with Glen Allen-based Mangum Economics. The six-terminal system generated 436,667 jobs, $47.4 billion in Virginia gross state product, $27.2 billion in labor income and $2.7 billion in state and local taxes and fees. Meanwhile, the port finished infrastructure projects at its Norfolk , and its dredging project to become the East Coast’s deepest port by 2024 has stayed on track. Illustrations by Doug Fuchs. 

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