History and Economic Impact
When contemplating Boston’s huge contributions to the economic world, The Port of Boston should easily be one of your prime focuses when aspiring for business success. In fact, it is the oldest continually active port in the Western Hemisphere, and consequently serves as New England’s brilliant maritime hub. Taking this into consideration, The Port of Boston’s activity supports more than 50,000 jobs, and contributes more than $4.6 billion to the local, regional, and national economies through direct, indirect, and induced impact.
No flourishing economic center is able to accomplish success without an up-to-par business environment. With this in mind, Mass port facilities are the port’s lifeblood for containerized cargo, vacation cruises and Boston’s commercial fishing fleet.
The Port of Boston also hosts privately owned petroleum and liquefied natural gas terminals, which flawlessly supply more than 90% of Massachusetts' heating and fossil fuel needs. Two ship repair yards, public and private ferry operations, marinas, and Coast Guard’s Sector Boston also proudly call the port home.
Another huge aspect of the port’s success is Massport’s Paul W. Conley Container Terminal in South Boston. This time-tested terminal serves six of the world’s top 10 container lines, thus making it a huge landmark on the world’s cargo business landscape. To put these numbers into perspective, Conley handles nearly 1.5 million metric tons of cargo each year.
Cruiseport Boston’s Black Falcon Cruise Terminal is also a primer for Boston’s business success as it contributes nearly a half billion dollars to Boston’s cherished regional economy. To top it off, The Port of Boston is labeled as a popular port-of-call destination, and several major cruise lines serve Massport’s Cruiseport Boston, consequently providing passengers with an attractive mix of cruises to Canada/New England, Bermuda, the Caribbean, and Europe. This variety has self-evidently contributed to the port’s economic and business success.
To put it frankly, no port is complete without an effective import/export sector. Considering this truth, automobile imports/exports are a definitively vital niche market for the Port of Boston. Boston’s main port achieved this completeness when the Autoport opened on an 80 acre site in Charlestown. It has a relatively large capacity and can accommodate the processing of 70,000 cars per year. These numbers have surely added to the entire port’s success.
Other Maritime Properties
On top of all the other great aspects of this great economic landmark, The Massachusetts Port Authority owns, operates and leases approximately 500 acres of property in Charlestown, East Boston and South Boston, located within what is called a Designated Port Area (DPA), restricted to maritime industrial activities supporting the working Port of Boston.
Foreign Trade Zone
YOUR IMPORT/EXPORT ADVANTAGE
The Massachusetts Port Authority (Massport) is a dynamic, independent public authority, responsible for operating New England’s premier airport and seaport facilities, stimulating the local economy and facilitating international trade. You can depend on us to get your import and export cargo quickly and efficiently to your markets – whether in the U.S. or around the globe – to keep your costs competitive.
When you use a foreign trade zone (FTZ) like Massport’s FTZ # 27, you save time and money. That’s because within the FTZ, foreign goods are considered to be international commerce and not subject to U.S. Customs duties unless or until entered into the United States. In addition, raw materials, parts, and components can be admitted duty-free into an FTZ. Goods can then be assembled, manufactured, or processed – and the final product re-exported – without paying U.S. Customs duties.
Green Award for Boston
To understand just how phenomenal The Port of Boston’s business practices are, The Massachusetts Port Authority’s (Massport) Conley Container Terminal proudly won the Breathe Easy Leadership Award in 2015.
The award was given to the terminal for its significant contribution to reducing diesel emissions and promoting clean transportation in the northeast of America.
“One of our priorities is to be a good neighbor to the communities that surround Massport properties,” said Thomas P. Glynn, CEO of Massport.
He added: “We have a responsibility to both the community and the environment while we support a thriving shipping terminal and we will continue to do all we can for cleaner air now and cleaner air in the future.”
The award was presented by Northeast Diesel Collaborative (NEDC), which is made up of environmental agencies and private sector companies that aim to reduce diesel emissions, improve public health, and promote clean diesel technology.
NEDC gives the award to individuals and organizations which have taken steps to reduce diesel emissions beyond what is required by law, such as using alternative fuel use like biodiesel and natural gas.
In 2011, Massport received a US$50,000 Diesel Emissions Reduction Act (DERA) grant to replace 20 drayage trucks. Since then, it has petitioned for an extra US$1m for its Clean Truck Program to allow 40 more drayage trucks that service Conley Terminal to be replaced by trucks with cleaner diesel engines.
Through the implementation of the Clean Truck Program, Massport has helped to improve air quality at the shipping terminal and in the parks and neighborhoods in South Boston.
Something to think about…
The Port of Boston has established itself as one of the world’s premier connection landmarks. It has generated a valuable amount of employment opportunities, largely increased the entire state’s economic revenue, and has cemented great business relationships which reach well beyond Boston’s invisible borders. The true forms of port success and prosperity stem from a great mix of historical and economic impacts, beautiful facilities, business advantages, and admirable ethical standards. These qualities have never been in a more similar basket than with The Port of Boston’s time-tested presence.