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Protecting Lives and Property at Our Coastlines A Disaster Roundtable Workshop The National Academies. National Marine Sanctuary Foundation Capitol Hill Ocean Week. The Economy of US Coastal Communities. Our. Dr. Judith T. Kildow, Director and PI The National Ocean Economics Program
Protecting Lives and Property at Our Coastlines A Disaster Roundtable Workshop The National Academies National Marine Sanctuary Foundation Capitol Hill Ocean Week The Economy of US Coastal Communities Our Dr. Judith T. Kildow, Director and PI The National Ocean Economics Program The Monterey Bay Aquarium Research Institute June 6, 2007
Topics • Contribution • Trends • Uniqueness • Challenges • What to do • Summary
Coastal counties contribute 45% to the US economyBUTThey are at risk Our Coasts Drive the Nation
The Contribution 2005 • US CoastalCounty Economy = $5.6 Trillion • US Coastal State Economy = $10.3 Trillion • US Total Economy = $12.4 Trillion
US Coastal Counties 2005 50% of Jobs 55% of Wages 45% of GSP 50% of Population 50% of Housing All on 7.6% of Land
County Sector Contributions 2004 Coastal Leisure and Hospitality$340 Billion to US Economy 10 million Jobs Average wage - $10,500 Trade, Transportation, and Utilities $950 Billion 11 million Jobs Average wage - $37,000
Economic Trends • Industry shifts • Manufacturing and production to services • Tourism and Transportation increasing • Fishing, offshore minerals, ship building decreasing • Demographic shifts • Bifurcated population between rich and poor • Second homes growing and changing communities • Environmental impacts affecting economy • Climate change: sea level rise - erosion, • warming- toxic blooms, intense storms - floods
Trends • Declining fishing communities • New industries substituting • Whale watching • Wildlife viewing Small communities of cottages turned to mansion strongholds
Uniqueness Extraordinary natural assets
Dependence on the sea Uniqueness
UniquenessExposure to increased natural hazards Toxic Blooms Floods Erosion (Griggs photo) Intense Storms
Challenges How to live with • Natural Hazards • Erosion • Floods • Sea Level Rise • Natural resource threats • Toxic blooms • Shifting ecosystems • Ocean response to climate change
Florida at Risk Ocean Warming Sea Level Rise Vero Beach, Florida
Florida Shoreline Counties 2004 4% of US Economy (.5 trillion $) 0.33% of US Land 68% of state GSP 67% of state Jobs
11% of US economy 1.1% of US land area 79% of state jobs 83% of state GSP 75% of state residents 25% of state land area 4% of US economy .33% of US land area 67% of state jobs 68% of state GSP 77% of state residents 56% of state lands Coastal County Comparison California Florida
Gulf Coastal Counties 5% of US Economy 1.4% of US Land Area 29% of Gulf Economy 27% of Gulf jobs 29% of Gulf States GSP 27.2% Of People 11.2%of Gulf state lands
Challenges From Human Activities • Controlling Population growth • Affordable housing • Seasonal demands and downside of tourism • Expanding transportation and other infrastructure • Protecting built infrastructure • Power plants, sewage treatment, communications • Protecting fresh water supplies from saltwater intrusion • And more…….
National Security/Economies at Risk Offshore Minerals Pebble Beach 18th hole Fishing Real Estate (griggs photo) Transportation Tourism Nuclear Power
Size of the Coastal Economy2005 Coastal States:$10.3 trillion GSP (83% of US) ~ 106 million jobs ~ $4.5 trillion in wages Coastal Counties:$5.6 trillion GSP (45% of US) ~ 54 million jobs ~ $2 trillion in wages US Coastal Tourism:$340 billion GSP ~ 10 million jobs ~ $105 billion in wages US Coastal Trade, Transportation, and Utilities: $950 billion GSP ~ 11 million jobs ~ $407 billion in wages
What to Do • Divert economic and population growth inland • Control growth at the coast • Diversify coastal economies • Balance coastal economic contributions with federal government investments • Compensate coastal communities for large cost burden to sustain natural assets that contribute disproportionately to US economy • Educate people how to strengthen community economies.
Information Political Will Effective Policies to Decrease Social and Economic Vulnerability and Increase Strengths Healthy Coastal Communities
The National Ocean Economics Program • Sponsors • NOAA Coastal Services Center • Monterey Bay Aquarium Research Institute • The David and Lucile Packard Foundation • University of Southern California Wrigley Institute and USC Sea Grant • California State University at Monterey Bay • EPA Office of Water • Others