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WILDLIFE & FISHERIES ECONOMIC IMPACT STUDY DETAILS THE BENEFITS PROVIDED BY RECREATIONAL AND COMMERCIAL NATURAL RESOURCE INDUSTRIES
6/6/2005

The Louisiana Department of Wildlife and Fisheries (LDWF) released today the results of a recent economic impact study that tallies the benefits of the state's fisheries, wildlife and boating resources.

The economic benefits of the industries supported by these resources created a total economic effect of $7.1 billion in 2003, the most recent year for which all related outdoor industry data is complete. Overall retail and harvest sales in all contributing categories reached $5.1 billion, supporting 77,690 jobs and creating $284 million in sales and income taxes for the state.

"Outdoorsmen and women, and all who work in the recreational and commercial boating, fishing, hunting and trapping industries, drive a very important component of the state's economy," said Dwight Landreneau, secretary of LDWF. "The department will continue to work to support those who work in these industries and those who enjoy the recreational opportunities that the state's resources provide."

The report, "Economic Benefits of Fisheries, Wildlife and Boating Resources in the State of Louisiana," was prepared by Southwick Associates of Fernandina Beach, Fla. Primary data sources for the study included the U.S. Fish and Wildlife Service, the National Oceanic and Atmospheric Association Marine Fisheries and LDWF. Recreational boating economic impact estimates were based on a study funded by the Recreational Marine Manufacturers Association.

The state's commercial fishing industry had the biggest impact of all areas studied, creating a $2.61 billion ripple effect generated by $294 million in retail or harvest sales, supporting 29,245 jobs and producing $100 million in sales and income tax revenues. Recreational fishing generated $895 million in retail sales in 2004, the second highest contributing factor to overall outdoor retail sales that support 17,000 jobs.

Recreational boating retail sales ranked first with a total $1.7 billion in the retail sales category. Hunting contributed $599 million in retail sales while supporting 9,475 jobs.

To view the complete report go to www.wlf.louisiana.gov and click on the link Report Released: Economic Benefits under "What's New" on the LDWF home page.

For more information, contact David Lavergne, Louisiana Dept. of Wildlife and Fisheries, at 225/765-2864 or dlavergne@wlf.louisiana.gov.

 

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