Wednesday, June 1, 2011

Fishing stimulates coastal economy in Minnesota

In November, Jim Skurla, the director of the Bureau of Business and Economic Research at the Labovitz School of Business and Economics at the University of Minnesota Duluth, gave the public another reason to feel good about eating Lake Superior fish it adds significant cash flow to the fragile economies of North Shore communities. Mr Skurla completed an economic analysis concerning the impact of commercial fishing on Minnesota’s North Shore of Lake Superior.

He reports that harvesting Lake Superior fish and processing fish along the North Shore, directly creates 108 jobs in Minnesota and, after following the money trail of direct, indirect, and induced spending, he reports these enterprises result in economic activity that exceeds US$41 million (€28.447 million), annually (US$1,379,466 (€957,098.341) harvesting; US$40,299,682 (€27,960,644.) processing). "I was surprised how valuable commercial fishing is to this region," said Mr Skurla. "I also think it is remarkable how many non-fishing jobs are related to commercial fishing." Read more ...

This blog is written by Martin Little, The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers

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