Saving the Bay
is Worth the
Childhood memories of crab feasts
with families and summer days at
the beach? Duty to protect God’s creation?
Worry for the legacy we leave our children?
It’s all those reasons. And, another is that
restoring the Chesapeake makes good economic sense.
In November, CBF researched, wrote, and
released a report entitled The Economic
Argument for Cleaning up the Bay and its
Rivers, arguing that Congress has recognized that the Chesapeake Bay is a “
national treasure and resource of worldwide significance,” and that respected economists
have valued the Bay at over one trillion dollars related to fishing, tourism, property values, and shipping activities.
Our report was welcomed by the media
and covered in 42 radio and television stories and newspaper articles and blogs. So
when you hear the claim that reducing pollution will cost jobs and challenge our only
barely recovering economy, you can make
the point that a clean environment and a
health economy are actually two sides of
the same coin.
uWant to see all the numbers and sources?
View CBF’s report at cbf.org/economics.
In today’s dollars,
the Bay is worth $1 trillion
related to fishing, tourism, property
values, and shipping activities.
In Virginia, every $1 spent on
better agriculture practices = $1.56
in economic activity.
The commercial seafood industry in
Maryland and Virginia = $2 billion
in sales, $1 billion in income, and
more than 41,000 jobs per year.
Pennsylvania residents spend
$1.7 billion on boating annually.
Clean-water technology creates jobs.
An EPA study found that
clean water can increase the value of
a single family home up to 4,000 feet
from the water’s edge by up to 25%.
Pennsylvania’s fishing industry =
$1.6 billion annually.
An EPA study concluded that
every spent on source-water
protection saves an average of
in water treatment costs.
Recreational boating brings
Maryland’s economy $2.03 billion
and 35,025 jobs per year.
Bay-area beach closures could mean
hundreds of thousands of dollars
of lost income for local economies.
Better agriculture practices
per year in Virginia alone.
12,000 year-long jobs
Wildlife watchers in Maryland, Virginia,
and Pennsylvania, spend almost
on trip-related expenses and
equipment each year.