Environmental Restoration = Economic Restoration
By investing in the coast’s wetlands, the RESTORE Act will help deliver new customers and create jobs in firms throughout the gulf and the United States.
Coastal restoration depends on a chain of businesses, from planning and design services to the supply of raw materials to heavy equipment and machine repairs. Each part of that value chain supports jobs for the construction, operation and maintenance of restoration projects.
Existing firms that make off-the-shelf equipment such as pumps and dredges, as well as new companies that provide coastal restoration services, all stand to benefit.
A 2011 report by Duke University, “Restoring the Gulf Coast: New Markets for Established Firms,” evaluates the full value chain.1
Duke University identified nearly 400 businesses, distributed across 37 states, that have the potential to add new customers and grow jobs.
Of the total, 67% are in the five Gulf States of Texas, Louisiana, Mississippi, Alabama and Florida. Smaller concentrations of firms are found in the Pacific Coast and the Midwest.
Map: Relevant U.S. employee locations of firms linked to Gulf Coast restoration projects
What size are the business involved? Using Small Business Administration guidelines, over 53% of firms identified by Duke University are small businesses (measured by sales volume). Restoration projects involve firms of all sizes, but they appear to be particularly important to small and medium-sized firms, providing a needed boost during an economic downturn.
- A 2011 report by Duke University,“Restoring the Gulf Coast: New Markets for Established Firms,” evaluates the full value chain. http://www.mississippiriverdelta.org/files/2012/07/CGGC_Gulf-Coast-Restoration.pdf