Virginia leads nation in shipbuilding jobs
The U.S. shipyard industrial base in Virginia and across the nation is vital to America's national and economic security. Private U.S. shipyards build, repair, maintain and modernize the largest and most sophisticated Navy and Coast Guard vessels in the world and do the same for the nation's 40,000 commercial vessels.
Across the country, the domestic maritime industry, supported by the Jones Act, sustains more than 478,000 jobs and has an annual economic impact of $92.5 billion according to a study conducted by PricewaterhouseCoopers (PwC) for the Transportation Institute. The industry also accounts for approximately $29 billion in annual wages and $10 billion in tax revenue each year.
"It is no surprise that Virginia leads the nation in U.S. Shipbuilding, because one in every 90 jobs in the state is directly related to the industry," said Shipbuilders Council of America president Matt Paxton.
"Each of those jobs in turn supports nearly three other jobs. This robust shipyard workforce and industrial base, as well as the national security and economic benefits that this industry provides, are just a few of the reasons why the President, the Navy and every Congress and Administration in modern history has supported the Jones Act." ■