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Economic Productivity of the Working Coast Louisiana’s coast is a tremendously productive region ecologically and economically Variety of separate studies.

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Presentation on theme: "Economic Productivity of the Working Coast Louisiana’s coast is a tremendously productive region ecologically and economically Variety of separate studies."— Presentation transcript:

1 Economic Productivity of the Working Coast Louisiana’s coast is a tremendously productive region ecologically and economically Variety of separate studies valuing industries dependent on Louisiana’s coast Data presented represents pre-oil spill valuations. restoring and protecting Louisiana’s coast

2 Louisiana Seafood Industry 2 nd largest fishery by weight, 5 th 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 2 nd largest domestic oyster supplier in the nation restoring and protecting Louisiana’s coast

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 restoring and protecting Louisiana’s coast

4 Productivity: Ports and Maritime Industry Home to 5 of the nation’s top 15 ports by tonnage Louisiana’s ports handle cargo accounting for 25% of the nation’s 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. restoring and protecting Louisiana’s coast

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 restoring and protecting Louisiana’s coast

6 Louisiana’s 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 restoring and protecting Louisiana’s coast

7 Energy: Total Activity $77.3 billion in total sales $16.1 billion in total wages 310,217 total jobs (x5 multiplier) restoring and protecting Louisiana’s coast

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 restoring and protecting Louisiana’s coast

9 Economic Impacts: Tourism The fragility of Louisiana’s 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 restoring and protecting Louisiana’s coast

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. restoring and protecting Louisiana’s coast

11 Economic Impacts: Protection and Restoration Activities Jobs & Dollars: Big Returns from Coastal Habitat Restoration, Restore America’s 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 restoring and protecting Louisiana’s coast

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 restoring and protecting Louisiana’s coast

13 Employee locations of firms linked to Gulf Coast restoration Projects restoring and protecting Louisiana’s coast

14 Gulf Coast States restoring and protecting Louisiana’s coast

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. restoring and protecting Louisiana’s coast


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