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2017

Ocean Economy

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Navigating The Global Economy: A Comprehensive Analysis Of The Massachusetts Maritime Economy, David Borges, Michael Goodman, Elise Korejwa, Kasey Lima-Pires, Michael Mccarthy, Michael Sloan, Holly Stickles, Joy Smith, Charles Colgan Apr 2017

Navigating The Global Economy: A Comprehensive Analysis Of The Massachusetts Maritime Economy, David Borges, Michael Goodman, Elise Korejwa, Kasey Lima-Pires, Michael Mccarthy, Michael Sloan, Holly Stickles, Joy Smith, Charles Colgan

Publications

The Massachusetts Maritime Economy is comprised of 5,555 establishments that employ 90,482 workers, pay $3.4 billion in total wages, and account for $6.4 billion in gross state product. These businesses are a significant economic driver in Massachusetts, representing 2.6 percent of the Commonwealth’s direct employment and 1.3 percent of its direct gross state product.

  • 5,555 establishments
  • 90,482 employees
  • $3.4 billion total wages
  • $6.4 billion gross state product
Employment in the industry compares favorably with other major sectors of the state’s economy, including the Information and Manufacturing sectors. Growth in the Massachusetts Maritime Economy Was More Robust Than the Statewide Industry …