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Coastal Bays Economic Report Review

Economic Value of the Maryland Coastal Bays Watershed May 2018

The water, natural resources, and ecosystems in the Maryland Coastal Bays watershed contribute an economic value of $1 to $3 billion annually to the regional Delaware, Maryland, and Virginia economy. This report examines that economic value in three different ways:

  1. Economic value directly related to the Maryland Coastal Bays watershed water resources and habitats.
  2. Value of goods and services provided by the Maryland Coastal Bays watershed ecosystems.
  3. Employment related to the Maryland Coastal Bays watershed resources and habitats.

The purpose of these estimates is to demonstrate that the Maryland Coastal Bays watershed provides real and significant economic benefits to the regional economy in Delaware, Maryland, and Virginia and are worthy of investment to keep these natural resources healthy and productive. Estimates were made by taking values from existing literature and studies and applying them to the Maryland Coastal Bays watershed using ecological economics and benefits transfer techniques described in this report. Values are converted to 2017 dollars based on the change in the Northeast Region Consumer Price Index except where noted.

Please click here to review the report and send any comments or suggestions by August 31 to Steve Farr at Sfarr@mdcoastalbays.org.

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