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Broward County Economic Engine Performance Report

The 9th annual Economic Engine Performance Report was recently held on May 19, 2017 in the Port Everglades Convention Center. The 600+ guests in attendance listened to the three panelists which included:

Stacy Ritter - Greater Fort Lauderdale Convention & Visitors Bureau CEO/President

Steve Cernak - Broward County Port Everglades Chief Executive & Port Director

Mark Gale - Broward County Aviation CEO & Aviation Director

Discussions were geared towards the status and future of Broward County. Below is a summary of the conference and a link to a webpage where you can watch a short video that was played at the conference.

Broward County is home to more than 1.9 million residents and three economic engines that continue to fuel our growth. The engines are Port Everglades, Fort Lauderdale/Hollywood International Airport, and the greater Fort Lauderdale tourism.

Port Everglades

  • FY2016 generated nearly $30 billion in total economic activity, $500 million in salaries and $1 billion in state and local taxes (6% growth YOY)
  • Moved more than 1 million TEU’s in FY2016
  • #1 U.S. Gateway for trade with Latin America
  • #10 container port in United States
  • #1 container port in Florida
  • #2 petroleum seaport in Florida
  • Dredging will be completed soon, so bigger ships can have access
  • One of the biggest ports for cruise ships in the world

Fort Lauderdale/Hollywood International Airport

  • High passenger traffic growth
  • 80,000 passengers pass through airport daily
  • Airport has expanded and continues to do so
  • Broward County’s FLL is investing over $2 billion in improvements and expansion
  • Annual economic impact of over $13 billion
  • YTD international cargo is up 61% as a result of its recent runway expansion
  • Over 100 new food and retail concessions including local brands like Rocco’s Tacos, Tarpon Bend, Shula Burger and several others

Greater Fort Lauderdale- Hello Sunny marketing campaign

  • 12.27 million domestic visitors annually to Greater Fort Lauderdale in 2016, up 4% over 2015
  • Hotels- # of rooms 34,000
  • In 2016 Florida welcomed 112.8 million visitors from 189 countries
  • 1.9 million visitors come to Florida on any given day

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