Port Houston is significant, producing more than 1.35 million jobs and an economic value of $339 billion for Texas

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Port Houston

Port Houston’s market strength and strategic location along the 52- mile-long Houston Ship Channel produces a winning combination for business growth and increased industrial development. The economic impact of Port Houston is significant, producing more than 1.35 million jobs and an economic value of $339 billion for Texas. Port Houston generates $5.7 billion in state and local tax revenue annually.

Port Houston is recognized as the No. 1 U.S. port in foreign waterborne tonnage and is the No. 3 ranked U.S. port in terms of total foreign cargo value. Having 45% of the Texas market share by tonnage and 96% market share in containers by total TEUs in 2018, it is clear that Port Houston is a key player in this significant statewide recognition. The Port is the largest Gulf Coast container port, handling 69% of U.S. Gulf Coast container traffic in 2018.

Port Houston handled 40.9 million tons of cargo in 2018, up from 38.3 million tons in 2017. In 2016, the Port Commission approved an aggregate capital budget of $314 million for various infrastructure projects. Current capital improvement projects include Bayport rail spur and container yard construction, improvement of existing drainage system tied to IH-610 feeder road at the Turning Basin terminal,rehabilitation of Barbours Cut container yard and Wharf 3, construction of electrical infrastructure and lash dock demolition and annual pavement replacement and wharf and RTG crane painting for both terminals. Some of the future projects include further rehabilitation of wharves, adding a fire boat dock at Bayport’s west end, expansion of gate facilities and construction of a maintenance facility at Barbours Cut, construction of 42 acres of container yard and port road expansion and drainage at Bayport.

Barbours Cut

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This Port Houston overview is part of the annual 2019 Houston Economic Outlook.

Sections covered in the full report include:

Population Growth | Employment Sector | Business Climate | Global Energy Capital | Petrochemical & Plastics Industry | Port Houston | NASA/Johnson Space Center | Mobility Infrastructure | Airport System | Texas Medical Center | Biosciences & Biotechnology 

 

 


 

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Lisa Bridges

Director of Market Research | Houston

Houston

Lisa joined Colliers in 2010 as Director of Market Research bringing 26 years of commercial real estate experience to the firm. Lisa initiates proactive market research projects to further the business goals of the company. She writes and prepares 29 market reports annually which include quarterly reports on Houston’s retail, office, industrial and healthcare properties.  Further, she prepares statistical ownership reports for various clients as well as an annual Houston Economic Overview. Lisa also creates PowerPoint market presentations, trade journal articles, and other marketing materials in support of the company's business endeavors. She works with senior management in planning the company's marketing strategy and public relations support for local and national conferences, luncheon meetings, recruitment programs, and special events.  Lisa works closely with the company's brokers to develop effective custom market research material specific to both existing and potential clients.

Lisa serves on the Colliers International Editorial Board, the Colliers International U.S. Research Council, is a Colliers Center of Excellence team member and is a recipient of the Colliers International Researcher of the Year Award.

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