CT Maritime Industry Worth $7 Billion, Says Study

Photo courtesy U.S. Coast Guard.

UconnToday.com: The value of Connecticut’s maritime economy is nearly $7 billion, according to a report titled “Valuing the Coast: Economic Impacts of Connecticut’s Maritime Industry,” released this week by the University of Connecticut at Avery Point.

Lead author Robert S. Pomeroy is professor in the Department of Agricultural and Resource Economics in the College of Agriculture and Natural Resources and a Sea Grant college fisheries extension specialist.

Pomeroy says the goal of the study was to document the significance of the maritime industry to Connecticut’s economy. Using the latest available data, from 2010, the analysis utilized seven study sectors classified by the U.S. Department of Commerce (DOC) as directly related to the state’s maritime industry.

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Uconn Today

Read the full study: Valuing the Coast: Economic Impacts of Connecticut’s Maritime Industry (PDF)

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