Houston port region: $35B in investment, 111,000 jobsHouston port region: $35B in investment, 111,000 jobshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=84562013-01-24T07:36:00Z2013-01-24T00:00:00Z

HOUSTON - Between 2012 and 2015, the Houston port region will see $35 billion spent in capital and maintenance investments and an additional 111,000 construction jobs, according to the Greater Houston Port Bureau.

Out of the $35 billion, at least $21.1 billion is expected to be spent between 2013 and 2015. Around $800 million in tax contributions are expected to be produced between 2012 and 2015.

In addition to the more than 111,000 direct jobs expected to be created from the investments, Martin Associates predicts 154,100 indirect jobs will be created between 2012 and 2015.

In 2010 and 2011, capital and maintenance investments were less than $2 billion each year. In 2012, that number rose to around $4 billion. However, looking to 2013, investments are expected to be more than $6 billion. Then, in 2014, capital and maintenance investments are expected to reach a height of more than $7 billion.

To gather this information, the Greater Houston Port Bureau surveyed 132 companies along the Houston Ship Channel and received investment information from 51 of the companies.

Houston Business Journal
Houston-The Woodlands-Sugar Land
http://www.bizjournals.com/houston/news/2013/01/22/coming-to-the-houston-port-region.htmlRead more at {Source}

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