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Martin Associates was retained by the Belledune Port Authority to measure the local and regional economic impacts supported by maritime cargo and vessel activity at the Port of Belledune’s marine terminals. The impacts are measured for calendar year 2018 and are estimated in terms of jobs, personal earnings, business revenue, and provincial and local taxes.
The economic model can be used to estimate annual updates, as well as test sensitivity of the impacts to changes in factors such as marine cargo tonnage levels, labor productivity, commodity mix, and inland origins/destinations of commodities. The model can also be used to evaluate impacts of new terminal development and conduct annual updates.
The study is based on interviews with 57 firms providing services to the cargo and vessels handled at the Port’s marine terminals. These 57 firms represent the defined population of tenants and service providers in the Port’s seaport community, underscoring the defensibility of the study. The data collected from the interviews was then used to develop these operational and economic models.