Partnership Between the Port of Houston and Department of Commerce is Crucial for Continued Economic Success
Guest blog post by Len Waterworth, Executive Director of the Port of Houston Authority.
It was an honor to host the U.S. Secretary of Commerce, Penny Pritzker, at one of the nation’s busiest and most critically important ports, the Port of Houston.
As a civic and business leader and entrepreneur, Secretary Pritzker understands that excellent transportation infrastructure allowing manufacturers to access materials and deliver products is key to increasing exports. It is how a port like Houston, geographically positioned as the gateway to America’s heartland with exceptional rail and roadway connections, has grown to be the nation’s number one port in terms of foreign tonnage.
The Port of Houston's economic activity helps keep Texas the nation's top exporting state. For the past 11 years, Texas has outpaced the rest of the country in exports. In 2012, Texas exports totaled $265 billion, up by 5.4 percent from 2011, according to Commerce Department data. Top export markets include Mexico ($94.8 billion), Canada ($23.7 billion), China ($10.3 billion), Brazil ($10 billion), and the Netherlands ($9.5 billion).
Exports from the Houston metro area topped $110 billion in 2012, an annual increase of almost $6 billion. That was enough to surpass New York for the first time since 2006 as the top export region in the U.S.
The partnership between the Port Authority and Department of Commerce is crucial for continued success and for making America awesome. A good example is Foreign Trade Zone 84, which is number one in the nation for merchandise received in warehouse/distribution centers. The FTZ program in the Houston region is providing economic stimulus in the form of jobs, tax base and revenue.