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, concludes the Port of Yarmouth’s annual contribution to the local economy can be conservatively valued at approximately $50 million, supports an estimated 280 jobs, and is home port to upwards of 40 fishing boats.
The port also helps to generate economic tourism activity through the international ferry Maine-to-Nova Scotia service that docks in Yarmouth and cruise ship visit that the local tourism association is looking to grow. By highlighting the port’s contributions and importance, the Industrial Commission hopes to gain support from funding agencies and to raise the awareness level of this important asset among the local community, who are ultimately the users of the marine facility., said the commission had a study done many years ago that pegged the needed repairs to the Port of Yarmouth to be in excess of $20 million.
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