Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

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Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

  1. 1. Recreational Fisheries<br />Using Customer Surveys to Assess Economic Impacts<br />Dan O’Keefe, Ph.D.<br />Michigan Sea Grant & MSU Extension<br />8/14/11<br />
  2. 2. 2009 Michigan Fishing Economics Study<br />Charter fishing customer survey<br />Tournament captain survey<br />Evaluation of outcomes/impacts<br />
  3. 3. Charter Customer Survey<br />~9,000 invitation cards 2009<br />141 responses to online survey<br />12 non-responders replied<br />Ludington accounted for 78% of returns, Lks. Huron and Michigan well-represented<br />
  4. 4. Change in Expenditures Associated with Charter Fishing Trips Due to Economic Downturn in 2009<br />
  5. 5. Fishing Party Expenditures<br />* Included all other expenditures in 1985<br />
  6. 6. Economic Impacts to Coastal Communities in 2009<br />
  7. 7. Economic Output Based on MDNRE Trip Counts 1990-2009<br />
  8. 8. Economic Output Based on MDNRE Trip Counts Lake Huron Regions - 1990-2009<br />
  9. 9. Economic Impact Calculator<br />Input any number of trips taken and name of lake<br />Economic impacts are given based on 2009 data<br />Trip numbers for each port/year are on MDNR site<br />Pre- and post- data could be used to evaluate effects of restoration on charter-induced tourism<br />
  10. 10. Tournament Economic Impacts<br />16 Tournament Trail events around Lk. Michigan in 2009<br />$852,113 gross sales in coastal communities <br />21,386 employment hours<br />$1,436.56 spent per team; no Pro/Am difference <br />11% overlap with charter economic impacts<br />
  11. 11. Economic Impacts of Ludington Offshore Classic 2009<br />131 teams fished<br />$109,545 gross sales resulted<br />2,749 employment hours generated in Ludington <br />11% overlap with charter<br />
  12. 12. Products Available<br />Fisheries Economics Web Pages (www.miseagrant.umich.edu)<br />Fact sheets<br />Project Reports<br />Economic impact calculators<br />
  13. 13. Fact Sheet Mailing<br />263 charter captains<br />327 gov’t, tourism, economic development , fisheries professionals and others<br />Mail-in survey to evaluate reactions<br />
  14. 14. How did non-captains react?<br />57% said the value of fishing to coastal communities was higher than they previously thought (1% lower)<br />55% said they would use economic data to build support for protecting Great Lakes ecosystem health<br />Is fisheries economics information useful to you?<br />
  15. 15. Do restoration projects increase charter or tournament fishing effort?<br />
  16. 16. Acknowledgements<br />Dr. Steve Miller, MSU CEA<br />Dr. Chi-Ok Oh, MSU CARRS<br />Donna Wesander, MDRNE<br />Tracy Kolb, MDNRE<br />Lynn Vaccaro, MISG<br />Chuck Pistis, MISG<br />Brandon Schroeder, MISG<br />Ludington Area Charter Boat Association<br />

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