Search

Portsmouth Naval Shipyard’s economic impact tops $1 billion mark - Seacoastonline.com

KITTERY, Maine – Portsmouth Naval Shipyard’s economic impact has reached more than $1 billion, per an annual report released Thursday by the Seacoast Shipyard Association.

During calendar year 2019, the shipyard reached a total economic impact of $1.159 billion, compared to 2018’s number of $882 million.

PNSY’s economic impact has grown 54% since 2017, the report shows.

The Seacoast Shipyard Association, a regional advocacy group working on behalf of the military installation that re-modernizes the U.S. Navy’s nuclear submarines, releases its economic impact study each year, prepared by the National Contract Management Association with data taken from the Defense Finance Accounting Service.

U.S. Sen. Jeanne Shaheen, D-N.H., who has been a staunch defender of federal funding for PNSY, said in a statement Thursday that "as the economic fallout from COVID-19 continues, the good paying, skilled jobs at the shipyard serve as a vital buttress for the region’s economy," as displayed in the new report.

The yard’s civilian payroll totaled $594.9 million, its contracted facility services at $295.4 million, purchased goods and services at $123 million, and military payroll at $45.5 million.

The shipyard’s civilian payroll has grown each year since 2016, as it continues to expand its force. PNSY employed 7,310 civilians in 2019.

Sanford/Springvale, Maine, and Rochester, New Hampshire are the top two areas with the most shipyard employees, according to the report.

Of the 7,310 civilian employees, 3,351 of them came from 10 neighboring communities in Maine: Sanford/Springvale (523), Kittery/Kittery Point (478), Berwick (445), South Berwick (382), Eliot (334), Lebanon (324), Wells (230), York (203), North Berwick (219) and Biddeford (213).

The area with the largest civilian payroll impact is Sanford/Springvale at $37.6 million.

In New Hampshire, Rochester has the most shipyard employees at 496, with Dover second at 439. Portsmouth has 284.

Maine continues to have the largest civilian payroll with 4,025 total employees. New Hampshire is second with 2,760 employees, and Massachusetts third with 231. Two-hundred and ninety-four employees hail from other states.

PNSY’s military payroll – split between the Navy and Coast Guard – has stayed rather stable over the last four years, floating between $43 million and $45 million.

Numbers for contracted facility services more than doubled, going from $169.49 million in 2018 to $395.4 million in 2019 – likely reflecting the ongoing infrastructure work on the shipyard to remodernize its dry docks and several buildings.

William Webber, president of the American Federation of Government Employees on the shipyard, said the data in the report "clearly shows" the growth and infrastructure improvement at the shipyard is having a broader impact in the community.

The upcoming work on buildings and dry docks is going to prove "immeasurable" for not only the Navy, but also for the surrounding communities, said Larry Dennis, president of the International Federation of Professional and Technical Engineers.

"We are providing a stable civil service workforce and also have been able to provide several local contractors the opportunity to employ our local residents, which in turn will boost our local economy and property values," Dennis said.

Shaheen, in her statement, also said, "Portsmouth Naval Shipyard and its workers play an important role in support of our national security and the economic strength of New Hampshire. This economic impact report further reinforces the necessity of strong federal support for the shipyard and its workers."

Congressman Chris Pappas, D-N.H., who serves as the vice chair of the Coast Guard and Maritime Transportation Subcommittee, said, "In its 220th year of service, the Portsmouth Naval Shipyard remains critically important to our local economy and national security. The economic impact report reaffirms the importance of the Shipyard, and underscores the need for our leaders to ensure that it continues its crucial work. Now more than ever, as we deal with the COVID-19 pandemic and work to set a course to recovery, the shipyard will be vital to bolstering our local and regional economy with good, high-pay jobs while keeping America safe."

"Once again, another year has passed and the economic engine of Portsmouth Naval Shipyard is working," said Richard Smith, president of the Metal Trades Council. "I’m proud that we were able to work together with all involved in the Seacoast Association and Portsmouth Naval Shipyard to bring hope and new jobs to the Seacoast and our communities."

Let's block ads! (Why?)



"impact" - Google News
June 12, 2020 at 01:12AM
https://ift.tt/3fmuLuh

Portsmouth Naval Shipyard’s economic impact tops $1 billion mark - Seacoastonline.com
"impact" - Google News
https://ift.tt/2RIFll8
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update

Bagikan Berita Ini

0 Response to "Portsmouth Naval Shipyard’s economic impact tops $1 billion mark - Seacoastonline.com"

Post a Comment

Powered by Blogger.