Rhode Island and the Economic Impact of Sport Fishing
We're not the only place where sportfishing means a lot to the state economy. This story is about Rhode Island.
We think of the impact on Florida from our favorite sport - fishing. But other states (in this case Rhode island) feel the impact as well. Besides spending some time away from the social media apps and your smart phone, time on the water is a good thing for a lot of good reasons:
The American Sportfishing Association has released an economic impact report for recreational fishermen in the Ocean State. The short story is, we are a force. Remember the classic 1993 movie, Grumpy Old Men? Remember how Walter Matthau and Jack Lemmon regularly stopped at Ossie Davis’ store to get a snack, some bait, a six pack in a brown paper bag and trade some snarky barbs? Really they were just trying to get the edge on each other for a day on the ice or a night with Ann Margret but they spent money each time they went. In reality, all that adds up. We Rhode Islanders spent $326 million to go fishing.
The study estimated there are just south of 400,000 of us and we support 5,087 jobs. All that equals an economic output of some $518 million. So follow the money trail; nationally there are about 49 million of us, approximately 41 million identify as freshwater anglers, 12 million fish the sea and her salty tributaries and 2.5 million fish in the Great Lakes. That’s a lot of bait sales. That’s a lot of brown paper bags. With regard to the bottom line, we invest some $724 million in license fees, and $628 million in excise taxes.
This story came from Southern Rhode Island Newspapers.