Cape May – Lewes Ferry A Big Boost To Local Economy, Report Says
The Cape May – Lewes Ferry does more than transport travelers, vehicles and cyclists across Delaware Bay. It’s also an important economic driving force, according to a study released by its operators, the Delaware River and Bay Authority.
An independent consulting group’s analysis indicates that the ferry’s operations and activities contribute to 4,130 jobs, $152-million in wages, and $236-million in regional value-added benefits. Also, the study finds that $20 in economic activity is generated for every dollar invested into the Cape May -Lewes Ferry operation.
Council Fire LLC of Annapolis conducted the analysis for the DRBA. To read the findings, please CLICK HERE
“The economic effects are even more remarkable when you take into consideration that the Cape May-Lewes Ferry operates without any taxpayer support,” DRBA Executive Director Thomas Cook said. “All ferry operations are funded through ticket sales, concessions, and investments made by the Authority.”