Our Mission
To study and research, the issues impacting Newport Harbor with the goal of maintaining and improving this valuable environmental, cultural, recreational, and economic asset; and to lessen the burdens of government by educating the public through increased public awareness of those issues. Read more…
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SUMMARY
Economic Impact Analysis
According to Beacon Economics, Newport Harbor is a significant economic engine for Newport Beach and the region.
Harbor commercial activity generates substantial economic impacts through the revenue generated by these businesses and the workers they hire. Each year, commercial activity at the harbor directly generates $391.9 million in economic output, supports 4,807 jobs, and generates $167.5 million in labor income.
Revenue generated by businesses in the harbor gets spent down the supply chain, generating indirect economic effects. Each year, Newport Beach Harbor commercial activity indirectly generates $640.7 million in economic output, supports 3,587 jobs, and generates $198.9 million in labor income across the United States.
The federal government also adds value to the harbor through its Coast Guard station, patrol operations, and Immigration and Customs Enforcement workers that operate in the area. In all, Newport Beach Harbor generates a substantial impact not only locally through industries such as its intrastate ferry service to Catalina Island but nationwide. Dredging and maintaining the harbor is essential to promoting and maintaining this key source of economic activity.