Inside: Southeast Ports Expand Capacity//Infrastructure as an Economic Stimulus Tool
Site & Facility Planning
Friday, March 26th, 2021
Investing in Infrastructure at U.S. Ports and Beyond

The proliferation of distribution centers along the U.S. East Coast to serve a populous and growing market is reflected by the increasing traffic at nearby ports. As a result, U.S. southeastern ports are expanding to accommodate larger vessels and more cargo.

Southeast ports are investing more than $850 million in 2021 alone in infrastructure projects designed to help terminals handle multiple vessels of 14,000 TEUs (20-foot equivalent units) and higher simultaneously. Ports of America Chesapeake, South Carolina Ports, Port of Tampa Bay, Georgia Ports, and the Port of Virginia are among those making investments in port infrastructure to expand capacity. In fact, the Port of Virginia expects to have the deepest East Coast harbor.

Economic development officials realize that investing in infrastructure — whether at ports or further inland — can provide a boost to their long-term economic competitiveness. The COB estimates that every dollar spent on infrastructure provides an economic benefit of $2.20, according to a McKinsey report.

And a reliable infrastructure is vital to the nation’s manufacturing sector. The U.S. has reached a pivotal moment where we need to invest in and modernize our infrastructure, says PPG Executive Vice President Tim Knavish. The pandemic has brought this issue to the forefront and it is high on President Biden’s agenda.

Southeastern U.S. ports are pursuing aggressive infrastructure expansion projects to accommodate larger vessels and more cargo. Read More.

With a solid infrastructure network of roads, rail, air and the Richmond Marine Terminal connection to the Port of Virginia (the most tech advanced and automated port on the east coast), the nearly 6,000 supply chain companies in the region have an unparalleled level of logistics access.

Investing in the nation’s infrastructure can provide an immediate economic boost and create jobs, but its greatest value lies in supporting economic competitiveness over the long term. Read More.
Area Development’s editor recently asked PPG’s Tim Knavish — who is responsible for the architectural coatings business in USCA, EMEA, and Asia Pacific regions, the global automotive refinish business, the Latin America region, and the digital and information technology functions — about his company’s response to COVID and important operating concerns. Read More.
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