Portsmouth Shipyard has brought $ 933million to surrounding communities, study finds

MULTIPLE LOADS. THE TRIAL IS EXPECTED TO BEGIN IN NOVEMBER. NEW AT SIX – A NEW REPORT HIGHLIGHTS THE IMPACT OF THE PORTSMOUTH SHIPYARD ON THE COMMUNITIES AROUND IT. THIS IS STILL 26 PERCENT SINCE 20-. 17 THIS FIGURE INCLUDES ITS 671 MILLION CIVIL PAYERS PLUS THE MILLION SPENDED ON GOODS PURCHASED AND SERVICES CONTRACTED. “THIS IS A SIATN TU WIN-WIN FOR THE NAVY, FOR THE WORKFORCE, FOR THE SCHEDULE, FOR THE SUBMARINES, EVERYTHING. YEAH, THE SITE SHIP FIRE ON ALL THE SPARK PLUGS.” LAST YEAR, THE SHIPYARD HAS EMPLOYED MORE

Portsmouth Shipyard has brought $ 933million to surrounding communities, study finds

Even with the impacts of the pandemic, the total economic impact of the Portsmouth Shipyard on the community has increased by over 26% since 2017. According to the Seacoast Shipyard Association’s Annual Economic Impact Report, Portsmouth Shipyard grossed $ 933 million for Portsmouth and surrounding communities. in 2020. This figure includes the civilian shipyard payroll of $ 671 million, as well as the millions spent on goods purchased and contracted services. “It’s a win-win situation for the Navy, for the workforce, for the schedule, for the submarines, everything,” said John Joyal, president of the Seacoast Shipyard Association. “Yes, the shipyard is pulling out all the spark plugs.” In 2020, the shipyard employed 7,639 civilians, more than 54% of whom were from surrounding communities.

Even with the impacts of the pandemic, the total economic impact of the Portsmouth Shipyard on the community has increased by more than 26% since 2017.

According to the Seacoast Shipyard Association’s Annual Economic Impact Report, Portsmouth Shipyard brought in $ 933 million to Portsmouth and surrounding communities in 2020.

That figure includes the $ 671 million civilian payroll for the shipyard, as well as the millions spent on goods purchased and contracted services.

“It’s a win-win situation for the Navy, for the workforce, for the schedule, for the submarines, everything,” said John Joyal, president of the Seacoast Shipyard Association. “Yeah, the shipyard is pulling out all the spark plugs.”

In 2020, the shipyard employed 7,639 civilians, of which more than 54% came from surrounding communities.

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