In conjunction with its 20th anniversary, the board of directors of ProvPort commissioned and released an economic impact study detailing the important economic and job creation benefits the port has generated both for the City of Providence and the State of Rhode Island. “ProvPort has been a tremendous success for both the City of Providence and the State of Rhode Island and we are excited about the potential for growth, “ said Paul Moura, chairman of ProvPort’s board of directors. “The port of Providence is run efficiently and the board has worked to incentivize and encourage growth. The result has produced a highly successful public private partnership that has become an integral economic generator for our economy.” The economic impact study conducted by 4Ward Planning found that terminal services have resulted in economic output of approximately $164 million for the city and $211 million for the state since 1994. The indirect impact of the port has generated approximately $2.8 billion in economic output for the state since 1994, with $1 billion of that occurring within the City of Providence. “Providence’s industrial port is an economic engine for our city, state and region,” Mayor Jorge O. Elorza said. “With renewed investment and attention, we can leverage our port’s deep water channel and other valuable assets to increase Providence's imports and exports and create new, good-paying waterfront jobs for our residents.” ProvPort has made $24.7 million in capital improvements since 1994 at the port. ProvPort has also contributed $480,000 to the Neighborhood Improvement Fund during the last twenty years. ProvPort tenants have made another $38.9 million in capital improvements at the port since 1994, another $33 to $55million in capital expenses are planned between now and 2020. ProvPort tenants include Eukor Auto Carriers, Univar Terminal, Enterprise Products and Terminals, Lehigh Terminal, Schnitzer Northeast, Washington Mills, NE Petroleum and Morton Salt. These eight tenants are responsible for over 5000 part or full time jobs at the port, directly or through supporting operations such as trucking. Seven of ProvPort’s eight tenants expect to expand in the next six years, which will result in the hiring of another 100 employees.