April 27, 2010
Jones Act is major jobs generator
The just-released Annual Report of Maritime Cabotage Task Force (MCTF) draws from a report commissioned by the Transportation Institute and prepared by PricewaterhouseCoopers to report that:
There are 499,676 Jones Act jobs in the U.S.
The Jones Act generates $100.3 billion in total annual economic output.
Additionally, the Jones Act generates $11 billion in U.S. taxes.
Annually, $46 billion is value-added due to the economic output of the Jones Act.
$29 billion in Jones Act-related U.S. labor compensation is paid annually.
"Our 2009 Annual Report focuses on the employment that Jones Act shipping creates and sustains É [and] what our industry means to America's economic well-being, both now, and in the future, says the MCTF.
Individual sections in the Annual Report highlight the importance of Jones Act shipping in the non-contiguous trades, on the Great Lakes, and on the inland rivers. Other pages stress the importance of the shipbuilding industry, preparing the next generation of American mariners, and the exciting potential for new activities in support of offshore energy development.
Maritime Cabotage Task Force was founded in 1995 to promote the U.S.-flag fleet engaged in domestic waterborne commerce. It has more than 400 members.
You can access the MCTF Annual Report HERE