Port Canaveral Exceeding Growth Projections

It’s no secret that Port Canaveral has a huge economic impact on not only Brevard County, but on the entire the state of Florida as well. A Business Research & Economic Advisors study now shows that Port Canaveral more than doubled its economic impact in Florida last year compared to 2018, and the cruise industry represents about 66% of the total impact. The study says the port has a $6.1 Billion economic impact in the state of Florida — an increase from about $3 billion since in 2018, the last time there was an assessment. Port Canaveral also contributed $189.5 million in state and local taxes. Cargo operations are also growing. According to the same study, overall tonnage is up 19% over the same period.