Drivers of Northern California Economy

Drivers of Northern California Economy

• Port of Redwood City (2011 YTD)• Exports 440,000 metric tons; valued at $90 million • Imports 432,000 metric tons; valued at $15 million• FY 2012 forecast is 1.2 metric tons; valued at $120 million

• Port of Stockton • Exports • FY 2011 - 1,476,836 metric tons; valued at $421 million• FY 2010 - 446,445 metric tons; valued at $288 million

• Imports• FY 2011 - 1,321,483 metric tons; $754 million• FY 2010 - 1,370,194 metric tons; valued at $1 billion

• Jobs (direct & indirect) - 50001

Drivers of Northern California Economy

Port of Oakland (FY 2010) Inbound: 802,913 Twenty-foot equivalent Unit

(TEU) Outbound: 954,814 TEU Imports valued at $24.3 billion Exports valued at $15.4 billion Economic Impacts to the region:

Jobs – 28,800 Labor income (earnings) - $2.2 billion Local and state tax revenues - $ 233 million

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Drivers of Northern California Economy

• Port of San Francisco (FY 2011)• Exports 23,234 metric tons; $52,103 • Imports 1,054,401 metric tons; $578,387• Cruise ship passengers 136,000; revenue generated - $1.7

million• Port of Richmond (FY 2010)• Exports 122,650 metric tons• Imports 83,644 metric tons • Port of Benicia (2011 YTD)• Exports 77,148 metric tons; valued at $6.2 million• Imports 108,134 metric tons; valued at $1.8 billion• Port of West Sacramento (July 1, 2010-June 30,

2011)• Exports 257,200 metric tons; valued at $115,740,200• Imports 334,100 metric tons; valued at $47,741,960

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Drivers of Northern California Economy

Oil Refineries SF Bay Area home to 42% of the refining capacity

in California Chevron - 240,000 barrels per day Tesoro - 166,000 barrels per day Shell - 155,000 barrels per day Valero - 144,000 barrels per day ConocoPhillips - 120,000 barrels per day

Economic Impacts in Contra Costa and Solano Counties: Jobs – 76,238 Labor income (earnings) - $7.7 billion Local, state and federal tax revenues - $1.1 billion

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