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

Economic Productivityof 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

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


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


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.


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


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


Energy: Total Activity

• $77.3 billion in total sales

• $16.1 billion in total wages

• 310,217 total jobs (x5 multiplier)


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


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


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.



• 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



• 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


Employee locations of firms linked to Gulf Coast restoration Projects


Gulf Coast States


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.


Documents

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