A new report from the Bureau of Economic Analysis examines the U.S. "Marine Economy," but readers need to understand it fails to cover a major segment.
Jun. 10—Apparently, there's no feeling blue about the U.S. blue economy. The segment of the nation's economy related to its oceans and the Great Lakes flexed its economic muscle in 2019 in sales ($665.7 billion), jobs (2.4 million) and its contributions to the overall U.S. gross domestic product ($397 billion), according to a report released Tuesday by the federal Bureau of Economic Analysis. .
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Marine Economy Outpaced Overall U.S. Economy in 2019
Americaâs âblue economyâ accounted for nearly $397 billion or 1.9 percent of GDP during 2019, with tourism and recreation â including fishing â the top contributor.
Author:
Jun 9, 2021
America’s marine economy contributed about $397 billion to the nation’s gross domestic product in 2019 and grew faster than the nation’s economy as a whole,
according to the most current results of the first official Marine Economy Satellite Account from two Department of Commerce agencies.
“America’s strong marine economy is absolutely vital for building back better,” said Secretary of Commerce Gina M. Raimondo. “President Biden sees the immense value and potential of strengthening America’s blue economy, and this administration will continue to take actions to combat the climate crisis, conserve our oceans, and protect our coastal communities.”
MI ENVIRONMENT
Green Jobs: Michigan s new Office of Outdoor Recreation Industry plants seeds for continued economic growth
Date: June 09, 2021
. Today s article by Brad Garmon, of the Michigan Department of Natural Resources, looks at green jobs and Michigan s new Outdoor Recreation Industry Office.
Michigan s Outdoor Recreation Industry Office was created by Governor Whitmer and stems from a growing awareness of outdoor recreation s full contribution to Michigan s economy, pegged by the federal government s Bureau of Economic Analysis at $10.1 billion per year and growing.
From 2012-17, Michigan s outdoor recreation-based GDP grew 18 percent -twice as fast as the overall state GDP. The Office was created with the specific mission of developing, promoting and enhancing Michigan s outdoor recreation lifestyle industry. It is housed within the Michigan Department of Natural Resources (DNR) and collaborates closely with the staff of the Michigan Economic Development Corporat