Trade and exports have long been the lifeblood of the Northwest, and this industry will be the key to a successful future. Our region has the opportunity to strengthen our trade infrastructure by building new export terminals in Washington and Oregon.
The proposed export terminals will offer our community the chance to improve and to generate $25 million dollars annually in additional tax revenues. With this added income, improvements to community services — our highways, our emergency services, and our schools — become possible.
The Northwest is our home, and we’re committed to supporting and strengthening it. These terminal projects will benefit our community for generations to come and do so in a way that respects our region’s environmental heritage. That’s something we can all be proud of.
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Did you know…?
- The Millennium Bulk Terminal is estimated to generate $146 million in tax revenues over a 30-year period, with approximately 26% going to the county, 54% to the state and 20% to special-purpose districts. Ongoing site operations are estimated to annually generate about $6 million in tax revenue, and construction will generate nearly $45 million in tax revenue.
- Constructing new export terminals in the Northwest, as well as upgrading existing ones, will create 11,885 permanent family-wage jobs. Not only would tax revenue be derived from the terminals and exports themselves, but the creation of thousands of new, long-term jobs would also generate steady tax revenue for local and state governments.
- On top of the additional $25 million in annual tax revenues, these projects will also generate $115 million in annual payroll taxes, further providing support for important community services.
IT’S TIME TO CREATE GOOD JOBS. IT’S TIME TO MOVE FORWARD WITH NEW EXPORTS.