Assessing the Economic Impact of Fisheries in Rhode Island

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project description:

The CFRF in partnership with the University of Rhode Island has undertaken a project which seeks to assess the economic impact of the fishing industry in the state of Rhode Island, with the ultimate goal of expanding policymaker and stakeholder awareness of RI's valuable natural resources. In addition to evaluating the revenue and jobs associated with fishing businesses in RI, the project will also identify opportunities for growing the state's green economy.

Project Team:

  • Dr. Anna Mercer, CFRF Executive Director
  • Dr. Tom Sproul, URI Professor

Project Goals and Approach:

The primary goal of the project is to determine the direct economic impact of the fishing industry in the state of Rhode Island, including revenue and employment. The project also seeks to determine the indirect spillover effect into other industry sectors by the fishing industry in the state of Rhode Island, and to identify specific opportunities for growth within Rhode Island's fishing sector. To reach these goals, the project will involve a robust survey program, analysis of business databases, statistical modeling, report preparation, and public outreach geared towards completing the following specific objectives;

  1. Characterize the commercial fishing industry in Rhode Island to better understand the work force needed for growth.
  2. Assess the geographic distribution of fisheries sector businesses in Rhode Island and the availability of local seafood to consumers.
  3. Identify issues that are inhibiting the growth of the fishing industry sector in Rhode Island and develop solutions to correct and promote growth
  4. Foster working relationships among fisheries stakeholders, academics, and policy makers
  5. Identify gaps in economic and workforce data to direct future studies

Dr. Tom Sproul from the University of Rhode Island explained the importance of the RI Fisheries Economic Impact Survey and solicited survey participation from RI fishing business owners.

This project is supported by: