Job Creation from Gulf Coast Wetlands Restoration
WHAT YOU NEED TO KNOW
- If passed, RESTORE Act designates 80% of the Clean Water Act fines for the Gulf oil spill to restoring the Gulf Coast.
- Restoration projects could create 77,453 new jobs over 50 years.
- In the first 10 years of restoration funding alone, 57,697 jobs could be created.
- Strongest employment growth is likely across the transportation/utilities, government, leisure/hospitality, business services, construction, retail trade, & manufacturing sectors.
- Restoration-specific jobs help balance the economy through primary and secondary employment effects.
June 7, 2012
Following extensive research into the economic impact of wetlands restoration along the Gulf Coast, GNO, Inc., in partnership with The Walton Family Foundation and Mather Economics LLC, today released a study forecasting significant job growth in the region should fines related to the 2010 oil spill be directed to wetlands restoration in the Gulf. Those fines could create 29.54 new jobs per million dollars – or as many as 57,697 new jobs across the Gulf Coast region within 10 years.