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The Economic Value of Coastal Communities Linwood Pendleton Senior Fellow, The Ocean Foundation Director Coastal Ocean Values Center uven Walder, Marine Photobank www.coastalvalues.org NERR Ace Basin

The Economic Value of Coastal Communities

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NERR Ace Basin. Reuven Walder, Marine Photobank. The Economic Value of Coastal Communities. Linwood Pendleton Senior Fellow, The Ocean Foundation Director Coastal Ocean Values Center. www.coastalvalues.org. Marine Photobank image provided by (c) Wolcott Henry 2005. - PowerPoint PPT Presentation

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Page 1: The Economic Value of Coastal Communities

The Economic Value of Coastal Communities

Linwood Pendleton

Senior Fellow,

The Ocean Foundation

Director

Coastal Ocean Values Center

Reuven Walder, Marine Photobank

www.coastalvalues.org

NERR Ace Basin

Page 2: The Economic Value of Coastal Communities

52% of nation’s housing is in coastal watersheds

Marine Photobank image provided by (c) Wolcott Henry 2005

(J. Kildow, Restore America’s Estuaries, 2007)

Page 3: The Economic Value of Coastal Communities

40% of US employment and 49% of US GDP resides in coastal counties

0%5%

10%15%20%25%

30%35%40%

NorthAtlantic

SouthAtlantic

Gulf ofMexico

Pacific GreatLakes

Population Employment GDP

(C.Colgan, Restore America’s Estuaries, 2007)

Page 4: The Economic Value of Coastal Communities

40% of Americans participate in coastal recreation

NERR Chesapeake Bay, MD

Leeworthy and Wiley (2000, NSRE)

Page 5: The Economic Value of Coastal Communities

Annual value of recreation = $20 billion to $80 billion

NERR Guana Tolomato Matanzas

(L. Pendleton, Restore America’s Estuaries, 2007)

Page 6: The Economic Value of Coastal Communities

Ocean related tourism supports 1.7 million jobs, $70 billion in revenues,

and $32 billion in wages.

(NOEP0 2004,, www.OceanEconomics.org)

Page 7: The Economic Value of Coastal Communities

PORT CITIES: $403 billion in goods move through

12 major estuary ports annually

MARAD

(D. Jin, RAE, 2007)

Page 8: The Economic Value of Coastal Communities

• What is the value of these activities to local communities?

• How do these values influence conservation decisions?

• How can government better protect these values?

• How do we measure these values?

• How can we monitor these values over time?