SHIPBUILDERS COUNCIL OF AMERICA OUR IMPACT 2011 Total Direct, Indirect and Induced ECONOMIC IMPACT OF PRIVATE U.S. SHIPBUILDING AND REPAIRING INDUSTRY OPERATIONS IN THE U.S. State Alabama Alaska Arizona Arkansas California Colorado Connecticut Deleware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virgina Wisconsin Wyoming U.S. TOTAL EMPLOYMENT* LABOR INCOME** Amount ($ million) 10,910 1,150 2,880 1,740 37,140 2,840 22,710 500 660 21,890 5,020 2,290 810 8,010 5,780 1,800 1,580 4,000 29,250 14,280 4,250 4,910 5,480 3,420 23,450 4,380 510 1,080 1,450 930 5,910 850 11,630 4,810 420 6,760 1,890 4,850 9,720 3,970 4,680 480 4,840 25,720 1,510 340 63,650 10,620 820 8,200 310 397,110 $548.0 $63.9 $140.8 $75.7 $2,378.7 $158.9 $1,731.4 $30.2 $71.3 $1,089.3 $262.8 $151.2 $34.3 $481.3 $282.7 $84.4 $73.1 $187.4 $1,595.3 $803.0 $249.0 $349.0 $280.7 $186.8 $1,609.3 $221.4 $19.8 $51.2 $71.0 $52.5 $397.5 $38.7 $941.6 $235.0 $24.0 $352.5 $88.7 $259.1 $541.4 $260.1 $227.7 $20.5 $253.8 $1,449.0 $71.7 $15.3 $3,961.9 $634.8 $39.0 $437.2 $22.2 $23,606.1 GDP ($ million) $824.4 $108.7 $254.3 $122.7 $3,752.1 $275.0 $2,526.5 $49.7 $99.9 $1,638.4 $444.4 $233.1 $57.6 $779.6 $450.5 $146.8 $126.3 $291.1 $2,239.3 $1,190.7 $371.9 $550.7 $441.9 $314.5 $2,111.6 $354.0 $36.9 $83.0 $127.5 $81.9 $609.5 $65.9 $1,442.6 $398.8 $48.8 $568.7 $161.1 $392.3 $857.9 $360.9 $355.1 $33.5 $405.4 $2,343.6 $134.8 $26.3 $5,507.2 $972.8 $69.1 $658.6 $39.1 $35,537.2 Critical Facts about the United States Shipyard Industry The U.S. shipyard industrial base 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 in the world as well as America’s fleet of approximately 40,000 commercial vessels. Source: Calculations using the MIG modeling system (2011 database). *Employment is defined as the number of payroll and self-employed jobs, including part-time jobs. **Labor income is defined as wages and salaries and benefits as well as proprietor’s income. SCA The Shipbuilders Council of America (SCA) is the national trade association representing the shipbuilding, ship repair and shipyard supplier industry. Founded in 1920. Compiled by the Shipbuilders Council of America (SCA). All data sourced from The Economic Impact of the U.S. Shipbuilding and Repairing Industry, a study prepared by PriceWaterhouseCoopers for the U.S. Maritime Administration To learn more, please visit www.ShipBuilders.org. The U.S. shipbuilding and repair industry affects the economies of ALL CONGRESSIONAL DISTRICTS BY THE NUMBERS 107,240 direct jobs 7.9 BILLION in direct LABOR INCOME Source: MARAD Report “The Economic Importance of the U.S. Shipbuilding and Repairing Industry” SHIPBUILDERS COUNCIL OF AMERICA SCA $9.8 billion IN direct GDP to the national economy IN TOTAL: Private U.S. Shipyards Support 402,000 jobs $23.9 $36.0 billion of labor income billion in GDP * *Compiled by the Shipbuilders Council of America (SCA). Data sourced from the Economic Importance of the U.S. Shipbuilding and Repairing Industry, Maritime Administration, June 2013, and using MIG modeling system, Census Bureau, and Bureau of Labor Statistics data. Shipbuilders Council of America ShipBuilders.org OUR WORKERS OUR INDUSTRY 2011 Total Direct, Indirect and Induced ECONOMIC IMPACT OF PRIVATE U.S. SHIPBUILDING AND REPAIRING INDUSTRY OPERATIONS IN THE U.S. Top 15 States. 6.0 60 5.5 55 5.0 Employment (thousands) 50 45 40 35 30 25 20 15 Each direct job in the shipbuilding and repairing industry leads to another 2.7 jobs nationally. Average labor income per job LEADS TO Per Capita Shipyard Employment States 2.0 1.5 0 AL CA CT FL IL LA ME MS NY OH PA TX VA WA WI AL CA CT FL States IL LA ME MS NJ NY PA TX VA WA WI States top 10 STATES ranked by LABOR INCOME & GDP. 1. Virginia 2. California 3. Louisiana 4. Texas 5. Mississippi $73,630 $50,786 National average LEADS TO 45% HIGHER than the Top 5 2.5 In 2012, shipbuilders delivered 1,260 6. Connecticut 7. Florida 8. Maine 9. New York 10. Alabama VESSELS top 15 congressional districts, ranked by employment. GROSS DOMESTIC PRODUCT Each dollar of GDP leads to another $2.66 in other GDP. 3.0 500 LABOR INCOME Each dollar of direct labor income leads to another $2.03 in labor income in other parts of the economy. 3.5 5 Labor income per job was approximately $73,630 in 2011, 45% higher than the national average for the private sector economy ($50,786). LEADS TO 4.0 1.0 Average labor income GDP 4.5 10 0 EMPLOYMENT Labor Income Labor income and GDP (millions) The private shipbuilding and repair industry employs highly skilled men and women building the largest most sophisticated fleets in the world. 65 1. Maine: 1 in 50 jobs 2. Mississippi: 1 in 75 jobs 3. Virginia: 1 in 90 jobs 4. Connecticut & Louisiana: 1 in 100 jobs 5. Alabama: 1 in 150 jobs national average RANK Congressional District 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 VA-3 CT-2 MS-4 ME-1 LA-2 LA-1 AL-1 CA-51 FL-4 LA-3 WI-8 FL-2 CA-52 RI-2 MS-2 Employment (jobs)a 45,710 19,750 19,290 13,550 11,710 9,430 8,450 4,860 4,000 3,950 3,880 3,840 3,670 3,560 2,900 Labor Income ($ millions)b $2,931.5 $1,397.2 $1,426.8 $772.9 $701.1 $511.4 $412.8 $338.3 $211.5 $199.0 $206.5 $187.7 $254.8 $228.5 $130.3 GDP ($ millions) $3,962.8 $2,065.8 $1,834.9 $1,137.8 $963.4 $717.2 $609.5 $457.5 $260.8 $278.5 $297.6 $250.2 $360.8 $319.9 $200.1 Source: Data sourced from the Economic Importance of the U.S. Shipbuilding and Repairing Industry, Maritime Administration, June 2013 and using MIG modeling system, Census Bureau, Bureau of Labor Statistics and U.S. Bureau of Economic Analysis. a Employment is defined as the number of payroll and self-employment jobs, including part-time jobs. bLabor income is defined as wages and salaries and benefits as well as proprietor’s income. 60% MILITARY $20 BILLION 22% COMMERCIAL SHIPBUILDING 18% SHIP REPAIR Industry revenue at a glance In 2012, the industry’s total revenues are estimated at approximately $20 billion. Approximately 60% of that is attributable to military shipbuilding, 22% to commercial shipbuilding, and 18% to ship repairing.