A new study reveals the Port of Jacksonville is responsible for nearly $33 billion in annual economic output for the region and state.

JAXPORT says the study was done by Martin Associates, a widely recognized maritime research firm.

The research firm found that 28,194 people are employed in port-dependent positions in the Jacksonville area.

In Florida, activity through the port supports 206,972 jobs.

That’s a nearly 50% increase over a previously conducted study in 2018.

[DOWNLOAD: Free Action News Jax app for alerts as news breaks]

“The investment in port infrastructure and the initiation of the St. Johns River Deepening Project has resulted in job growth over the 2018-2023 period,” JAXPORT said the report concluded.

Martin Associates found cargo activity in the port created $2.9 billion in business revenue in 2023.

[SIGN UP: Action News Jax Daily Headlines Newsletter]

Click here to download the free Action News Jax news and weather apps, click here to download the Action News Jax Now app for your smart TV and click here to stream Action News Jax live.