economic impact studies: practical tips & examples - dan o'keefe

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Recreational Fisheries Using Customer Surveys to Assess Economic Impacts Dan O’Keefe, Ph.D. Michigan Sea Grant & MSU Extension 8/14/11

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Page 1: Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

Recreational FisheriesUsing Customer Surveys to Assess Economic Impacts

Dan O’Keefe, Ph.D.Michigan Sea Grant & MSU Extension

8/14/11

Page 2: Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

2009 Michigan Fishing Economics Study

Charter fishing customer survey

Tournament captain survey

Evaluation of outcomes/impacts

Page 3: Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

Charter Customer Survey~9,000 invitation cards 2009

141 responses to online survey

12 non-responders replied

Ludington accounted for 78% of returns, Lks. Huron and Michigan well-represented

Page 4: Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

Change in Expenditures Associated with Charter Fishing Trips Due to Economic Downturn in 2009

Page 5: Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

Local Spending per Party (2009 $s)

1985   2009Charter fees and tips $454.08 $613.02 Hotels, motels, B&Bs, camping $249.48 $213.08 Restaurants and taverns $239.24 $119.37 Groceries and liquor stores $107.80 $75.81 Fuel for automobiles and trucks $9.44 $93.29 Entertainment $47.20 $23.29 Souvenirs and shopping* $77.12 $37.61 Auto/truck expenditures other than fuel - $14.31 Fishing licenses - $50.71 Fishing equipment - $5.60 Other - $16.84

TOTAL $1,181.36 $1,262.96

Fishing Party Expenditures

* Included all other expenditures in 1985

Page 6: Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

Economic Impacts to Coastal Communities in 2009

Total Personal Employment Expenditures Output Income Hours

Lake Erie and St. Clair System $1,032,329 $1,427,230 $538,115 25,468Lake Huron $1,364,680 $1,563,551 $574,493 50,002Lake Michigan $9,051,449 $11,605,165 $4,989,910 259,756Lake Superior $226,518 $276,027 $102,021 8,573

TOTAL $11,674,976 $14,871,972 $6,204,539 343,799

Page 7: Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

Economic Output Based on MDNRE Trip Counts 1990-2009

Page 8: Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

Economic Output Based on MDNRE Trip Counts Lake Huron Regions - 1990-2009

Page 9: Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

Economic Impact CalculatorInput any number of trips taken

and name of lake

Economic impacts are given based on 2009 data

Trip numbers for each port/year are on MDNR site

Pre- and post- data could be used to evaluate effects of restoration on charter-induced tourism

Page 10: Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

Tournament Economic Impacts16 Tournament Trail events

around Lk. Michigan in 2009

$852,113 gross sales in coastal communities

21,386 employment hours

$1,436.56 spent per team; no Pro/Am difference

11% overlap with charter economic impacts

Page 11: Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

Economic Impacts of Ludington Offshore Classic 2009

131 teams fished

$109,545 gross sales resulted

2,749 employment hours generated in Ludington

11% overlap with charter

Page 12: Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

Products AvailableFisheries Economics Web Pages

(www.miseagrant.umich.edu)

Fact sheets

Project Reports

Economic impact calculators

Page 13: Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

Fact Sheet Mailing263 charter captains

327 gov’t, tourism, economic development , fisheries professionals and others

Mail-in survey to evaluate reactions

Page 14: Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

How did non-captains react?57% said the value of fishing to coastal

communities was higher than they previously thought (1% lower)

55% said they would use economic data to build support for protecting Great Lakes ecosystem health

Is fisheries economics information useful to you?

Page 15: Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

Do restoration projects increase charter or tournament fishing effort?

Page 16: Economic Impact Studies: Practical Tips & Examples - Dan O'Keefe

AcknowledgementsDr. Steve Miller, MSU CEADr. Chi-Ok Oh, MSU CARRSDonna Wesander, MDRNETracy Kolb, MDNRELynn Vaccaro, MISGChuck Pistis, MISGBrandon Schroeder, MISGLudington Area Charter Boat

Association