Yoho Secures Funds to Expand and Improve JAXPORT
Washington, D.C. – Congressman Ted S. Yoho’s (R-FL) efforts to secure funding for the Jacksonville Harbor deep dredge navigation project have paid off. In the recently released President’s Budget for Fiscal Year 2018, funds have been allocated for this project. Congressman Yoho released the following statement:
“JAXPORT, Florida’s largest container port, is designated by the Department of Defense as vital to national security, and is strategically positioned to accommodate a wide range of global shipping. These mega-sized container ships require a deep draft in order to ship efficiently and cost effectively. The completion of this project will create 15,000 US jobs, have a $24 dollar return for every $1 invested, and will improve the shipping industry of Florida.
“JAXPORT is vitally important to Florida’s economy. It supports $26.9 billion in economic output, creates 132,000 jobs, and generates $727 million in state and local taxes - $169 million of which are directly from cargo operations. The completion of this project at JAXPORT will create good paying jobs and drive economic growth for the region, the state, and the nation.”