The Portsmouth Naval Shipyard’s economic impact, led by its high civilian employee payroll and contracted services, has topped $1.3 billion, according to an annual report from the Seacoast Shipyard Association.
At $1,322,611,898, the shipyard’s economic impact in 2021 was nearly 40 percent greater than its 2020 economic impact of $948 million in the year the pandemic began.
In compiling its report, the Seacoast Shipyard Association calculated the shipyard’s economic impact by tallying civilian employee payroll, military payroll, the cost of purchased goods and services, and contracted services.
The shipyard’s civilian payroll, which the Navy hopes to increase by 1,200 workers in the next two years, was $670.7 million in 2021. The shipyard’s contract services, including building maintenance, military construction projects and utilities, reached over $469 million, a sizable hike from the $87 millionplus in 2020, the first pandemic year.
The shipyard spent more than $133.7 million on goods and services in 2021, according to the report.