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GLIN==> NYSG PR: Fishing + Seafood Industries Contribute Billions to NY's Economy

EMBARGOED UNTIL 6 PM, June 1, 2001

Fishing and Seafood Industries Contribute Billions to New York's Economy
A new 100-page report from New York Sea Grant outlines the details

Note: The eight-page executive summary of this 100-page economics report,
The Economic Contribution of the Sport Fishing, Commercial Fishing, and
Seafood Industries to New York State, can be read and downloaded online by
3:00 p.m. today at www.nyseagrant.org. Click on "New@NYSG" and look under
the 'Latest News and Initiatives.' For a copy of the full report, contact
New York Sea Grant's Office of Communications at 631.632.9124.

     Ken Gall, NYSG's Seafood Specialist Phone: (631) 632-8730
     Barbara A. Branca or Paul C. Focazio, NYSG's Communicator/ Assistant
     Phone: (631) 632-9124/ E-mail: Barbara.Branca@stonybrook.edu or

STONY BROOK, NY, May 30, 2001-- The seafood, commercial fishing and sport
fishing industries in New York generate a total of $11.5 billion worth of
economic activity annually in the state says a report out today from New
York Sea Grant based at the University at Stony Brook.

The direct contribution of the activity within these three industries is
estimated at $5.7 billion, and this activity in turn creates an additional
economic impact on the sales of goods and services by other New York
businesses worth $5.9 billion.

The study also estimates that 113,300 New Yorkers are directly employed by
these industries and an additional 64,600 full time equivalent jobs for New
Yorkers are created as an impact of the economic activity generated by
these industries.
| Industry Name    | Total Economic   | Total Direct         |
|                  | Contribution     | Employment in        |
|                  | to NY Economy    | Industry  (Jobs)**   |
|                  | (Millions of $$) |                      |
| Sport Fishing    | $3,602           | 17,100               |
| (1996)*          |                  |                      |
| Commercial       |$150              |10,500                |
| Fishing (1999)   |                  |                      |
| Seafood (1999)***|$7,790            |85,700                |

* Economic contributions were estimated from 1996 data, the latest year for
which comprehensive sport fishing data are available
** Includes full-time, part-time, and seasonal jobs
*** Includes seafood processors, wholesalers, retail stores and restaurants

This year-long project was conducted in consultation with New York Sea
Grant's seafood specialist Ken Gall and an advisory committee of
representatives from industry and government. Economists at Tech Law Inc.
of Bethesda, MD with funding support from New York Sea Grant developed the
estimates of economic activity for these New York industries. The project
report provides a profile of the various sectors and activities associated
with each of these three important industries in New York and uses economic
and employment data from a variety of sources to model and estimate their
economic contribution to the state.

"The interaction among these related industries is dynamic, making the
development of  economic models a challenge," says Jack Mattice, Director
of New York Sea Grant. "Prior to this study, no one had assessed the
economic contribution of all three of these sectors to the state's

Like farming, commercial fishing is a primary production activity. Think of
commercial fishing as the industry that brings in the catch and the seafood
industry as the processing and distribution chain that gets that catch on
the plate. It is the beginning of a chain of value-added events that each
contributes to the state's economy. The value of commercial fishing
landings in New York State was $76 million in 1999, following only milk,
apples, and meat in the listing of the state's six major raw food products
worth over $50 million for that year. The maximum value to the state's
economy is realized when fish is caught by New York fishermen, moves
through the distribution chain, and is sold by New York retail stores and
restaurants to New York residents. As Gall explains, "Each time one seafood
establishment sells its products to another one rather than to a final
consumer, there is an opportunity to add value and to increase the
industry's overall contribution to the economy."

Almost all of the fish landed by New York commercial fishermen is sold in
the state to processors and distributors. However, New York's population is
so large and the demand for seafood products so great that most of the
seafood sold in New York is imported from other states or countries. The
seafood industry includes a large number of businesses that process, buy
and sell the variety of seafood products needed to meet consumer demand.
Collectively, these businesses contribute $7.8 billion to the state's
economy. This includes $3.67 billion in direct sales impacts as businesses
add value to the products they process, distribute, prepare or sell, and an
additional $4.1 billion in economic activity for other New York businesses
as a result of these sales.

The report profiles the economic contribution of each sector along New
York's seafood industry distribution chain. In 1999, processors contributed
$387 million, the Fulton Fish Market alone contributed $545 million, and
other wholesalers and distributors weighed in at $1.2 billion. Nearer the
consumer end of the chain, retail fish markets and supermarkets contributed
$698 million to the state's economy, and restaurants and food services came
in at a whopping $4.9 billion.

Sea Grant's economic report also profiles New York's multi-billion dollar
sport fishing industry. According to government statistics, in 1996 there
were over 1.7 million anglers who made almost 25 million fishing trips in
the marine waters, the Great Lakes, and in freshwater ponds, lakes,
reservoirs, rivers or streams in New York state. The total economic
contribution of sport fishing to the state's economy was estimated to be
$3.6 billion including $1.9 billion for direct angler expenditures for
recreational fishing equipment, goods and services and an additional $1.69
billion derived from the impact of these expenditures on other New York

Expenditures for goods and services directly related to sport fishing add
up this way: $541 million was spent on charter, party and head boat fees,
bait, fishing rods, reels and tackle, marina fees and boats, motors and
trailers. An additional $1.37 billion was spent on ancillary expenditures
associated with fishing trips or fishing activities like trip expenses,
special equipment and owned or leased property. The total economic
contribution of saltwater and freshwater fishing was estimated to be $1.3
billion and $2.3 billion, respectively in New York State.

New York Sea Grant is a cooperative program of the State University of New
York and Cornell University with administrative offices at Stony Brook
University's Marine Sciences Research Center. It is one of 30 state and
federally-funded programs under The National Oceanic and Atmospheric
Administration's National Sea Grant College Program, a network of
university programs that provides information vital to the wise use of our
coastal resources through research, extension and education.

Paul C. Focazio, Assistant Communicator
New York Sea Grant
115 Discovery Hall
SUNY at Stony Brook
Stony Brook, NY 11794-5001
Phone: 631-632-6910
Fax: 631-632-6917
E-mail: Paul.Focazio@stonybrook.edu
Internet: http://www.nyseagrant.org

New York Sea Grant- 30 Years of "Bringing Science to the Shore"

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