Twin Ports Shipping Creates $1.5 Billion Business Revenue

By KBJR News 1

October 18, 2012 Updated Oct 18, 2012 at 9:45 PM CDT

DULUTH, MN (Northland's NewsCenter) - The St. Lawrence Seaway has a significant impact on the U-S economy but how much does shipping affect the Twin Ports?

A spokesperson from the St. Lawrence Seaway Development Corporation told Duluth Rotarians today the impact is huge as he shared results of a 2010 Economic Impact Study.

In 2010 the Twin Ports provided 11,500 jobs, and $1.5 billion in business revenue.

While the main products shipped from Minnesota are iron ore and coal, the Twin Ports is also getting shipments of wind turbines and other cargo.

Major investments are planned for the seaway in the future to keep it efficient.

"Allowing vessels, deep draft vessels to enter into the heartland, the agricultural and the manufacturing heartland of the United States, a foundation for future economic growth was true then, it's true now and it's becoming even more true for the future," said Craig Middlebrook, of the St. Lawrence Seaway Development Corporation.

The St. Lawrence Seaway is a bi-national waterway fueling both the US and Canadian economies.

Posted to Web by Jena Pike