TOLEDO, Ohio — Editor's note: The above video is from an unrelated story that originally aired on June 23, 2023.
The Port of Toledo saw economic gains in 2022, including job growth, according to a study conducted by economic consultants and shared by the Toledo-Lucas County Port Authority Thursday.
Officials with the company described the developments in 2022 as "excellent".
“The Toledo-Lucas County Port Authority had an excellent year in 2022,” Thomas J. Winston, President and CEO of the Toledo-Lucas County Port Authority said in a press release regarding the report.
The study, which was provided by Martin Associates of Lancaster, Pennsylvania, claimed commercial maritime operations in Toledo provided 888 new jobs over 2017, when a previous study was conducted. Furthermore, the report stated the Port of Toledo supported the following:
- 7,971 jobs
- $906.2 million in economic activity
- $708.6 million in personal income and local consumption expenditures
- $183.2 million in federal and state/local tax revenue.
Winston claimed the developments were primarily a result of a new facility, which was constructed in 2021.
"This increase can be mostly contributed to the addition of the Cleveland-Cliffs Toledo Direct Reduction Plant at Ironville in east Toledo," he said.
A 2018 study, also conducted by Martin Associates regarding the Port of Toledo's economic status in 2017, reported the following statistics:
- 7,083 jobs
- $669 million in economic activity
- $513 million in personal income and local consumption expenditures
- $180 million in federal and state tax revenue
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