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Economic Productivity of the Working Coast

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Title: Review of Louisiana Coastal Protection and Restoration (LACPR) Program Author: Charles Sutcliffe Last modified by: Meagan McMahone Created Date – PowerPoint PPT presentation

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Title: Economic Productivity of the Working Coast


1
Economic Productivityof the Working Coast
  • Louisianas coast is a tremendously productive
    region ecologically and economically
  • Variety of separate studies valuing industries
    dependent on Louisianas coast
  • Data presented represents pre-oil spill
    valuations.

2
Louisiana Seafood Industry
  • 2nd largest fishery by weight, 5th largest
    fishery by value
  • 27 of production in the entire lower 48 states
  • 69 of the domestic shrimp harvest
  • Leading provider of hard and soft-shelled crabs
  • 70 of the oysters caught in the US are from the
    Gulf Coast
  • 2nd largest domestic oyster supplier in the nation

3
Productivity Commercial Seafood
  • 2.4 billion economic impact
  • 21,238 total jobs
  • Oysters
  • 317 million in economic activity
  • 3,565 jobs
  • Shrimp
  • 1.3 billion in economic activity
  • 14,384 jobs
  • Crab
  • 293 million in economic activity
  • 3,289 jobs

4
Productivity Ports and Maritime Industry
  • Home to 5 of the nations top 15 ports by tonnage
  • Louisianas ports handle cargo accounting for 25
    of the nations waterborne commerce
  • Five deep water ports in South Louisiana make up
    the largest port complex in the world
  • 480 million tons of cargo
  • Excludes the cargo of the coastal ports
    supporting oil and gas activity and the cruise
    ship industry.

5
Ports and Maritime Total Economic Activity
  • 270,000 total jobs
  • 1 in 8 Louisiana jobs
  • 5.7 billion in total wages
  • 470 million in state and local taxes
  • 33 billion total economic impact

6
Louisianas Energy Industry
  • 1 producer of crude oil, including Outer
    Continental Shelf production.
  • 3 producer of natural gas, including Outer
    Continental Shelf production
  • 2 state for refining capacity
  • 125,000 miles of in-state and offshore oil and
    gas pipelines

7
Energy Total Activity
  • 77.3 billion in total sales
  • 16.1 billion in total wages
  • 310,217 total jobs (x5 multiplier)

8
Productivity Fishing, Boating and Wildlife
  • Recreational fishing
  • 1.71 billion economic impact
  • 18,122 total jobs
  • Recreational Boating
  • 1.33 billion economic impact
  • 14,959 total jobs
  • Wildlife viewing, photography, and feeding
  • 517.1 million economic impact
  • 6,199 total jobs

9
Economic Impacts Tourism
  • The fragility of Louisianas coast can also be
    linked to New Orleans tourism industry
  • 200-225 million in direct taxes for New Orleans
  • 70,000 direct jobs
  • 4.2 billion in annual visitor spending in 2009

10
Economic Impacts Protection and Restoration
Activities
  • Louisiana Workforce Commission, 2011
  • Excluding all protection projects, 2010 spending
    on restoration of 618 million created 8,900
    total jobs (4,880 direct jobs)
  • 1.1 billion in sales
  • Future investments in restoration of 400 million
    to 1 billion could yield 10,300 total jobs and
    720 million to 1.35 billion in sales per year.

11
Economic Impacts Protection and Restoration
Activities
  • Jobs Dollars Big Returns from Coastal Habitat
    Restoration, Restore Americas Estuaries, 2011
  • Restoring the coast can create more than 30 jobs
    for each million dollars invested. Represents
    more robust job multipliers than oil and gas or
    road construction industries.
  • Investing in restoration provides long-lasting
    benefits to property values, water quality,
    sustainable fisheries, and tourism

12
Economic Impacts Protection and Restoration
Activities
  • Center on Globalization, Governance
    Competitiveness at Duke University, 2011
  • Louisiana has the highest concentration of firms
    working in coastal restoration, 42 of the
    national total.
  • New opportunities for firms and workers with oil
    and gas service experience.
  • Small but growing share of work for many firms in
    the marine construction industry

13
Employee locations of firms linked to Gulf Coast
restoration Projects
14
Gulf Coast States
15
Sustainability
  • Without a sustainable coast the sustainability of
    these productive industries is at risk
  • CPRA is embarking on a holistic economic
    valuation of its coastal resources and assets
    that will help provide a more comprehensive look
    at the value of our coast to the nation as a
    whole.
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