Page 16 - Southport - Reaching New Heights - Summer 2017

Examining the

Economic Impact

of Southport

the spending of the direct and indirect employees in the
general economy.
The results of the study indicated that Southport and
IN FEBRUARY 2017, Southport released an economic Southport-related businesses directly contribute 570 jobs,
impact study that measured the spending, employment (540 full-time equivalents) $33 million in income,
and economic output of Southport through an analysis of $67 million in gross domestic product (GDP) and
2016 operations. The report was undertaken to update the $111 million in economic output on an annual basis.
previous economic impact study of 2012, as significant Looking at these results alone indicates that Southport has
changes have occurred at Southport since then. The new a significant impact on the surrounding economy. However,
report examines the direct, indirect and induced impact an even bigger picture is revealed by comparing these
of Southport, which highlights how the impact can ripple numbers to the previous study, conducted in 2012.
through the local and provincial economy. Direct impact is Since the last study, Southport increased in every category
the effect of Southport and businesses located at Southport assessed by the report. Economic impact surged up by
while indirect impact refers to the businesses that supply $11 million, GDP expanded by $17 million, income
and support Southport. Induced impact is a measure of increased by $3 million, and 30 new jobs were added.

With the opening of the new
Central Plains RecPlex (pictured left)
a healthy food kiosk was opened in
Southport, the Sawmill Tea + Coffee
Company
Also located within the new
RecPlex facility is the Portage
Day Care. (both pictured top right)

16 | Southport: Reaching New Heights