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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.

http://broward.granicus.com/ViewPublisher.php?view_id=5

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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