San Diego Bay businesses worth $5.2 billion in city revenue
A San Diego port study released this week has found that businesses located in and around San Diego Bay generated $5.2 billion in direct spending throughout the five-city San Diego area during 2005.
The study, performed by Economic Research Associates, also found the 30,468 jobs were directly tied to the bay businesses.
Direct and indirect spending by the bay businesses totaled $10.7 billion in 2005 and accounted for nearly 78,000 jobs.
Industrial and trade businesses created the largest portion of the direct revenues, accounting for $4 billion as well as creating nearly 15,000 of the total jobs. The travel and commerce sector, which includes hotels, marinas, and retail businesses, accounted for the remaining $1.2 billion in 2005 revenue and just over 15,500 jobs.
The study also found that the average personal income for the industrial and trade sector, based on ERA's collected numbers, was just over $79,000 per year.