The Economic Impact of Harmful Algae Blooms: A Discussion Hosted by The League of Women Voters

April 6 Discussion: Analyzing the Economic Effects of Water Quality | News, Sports, Jobs

The League of Women Voters of Lee County is hosting an informative discussion titled “The Impacts of Water Quality on the Economy” and invites both the public and League members to attend. This event will take place on Saturday, April 6 from 9 to 11 a.m. at The Collaboratory located at 2031 Jackson St. in Fort Myers. The program will begin at 9:30 a.m., and attendees can choose to participate in person or via Zoom.

During this discussion, Matt DePaolis, the environmental policy director at the Sanibel-Captiva Conservation Foundation, will present the economic impact findings from a recent study titled Impacts of Water Quality on the Southwest Florida Economy. The study was conducted by Greene Economics on behalf of Captains for Clean Water, the Conservancy of Southwest Florida, and the Sanibel-Captiva Conservation Foundation. DePaolis will also provide recommendations for policy advocacy and community engagement based on the study’s findings.

One of the key findings from this study is that Harmful Algae Blooms (HABs) have devastating economic consequences in Lee County alone. It is estimated that another HAB could result in $195 million in losses in recreational and commercial fishing revenues and expenditures, with potential job losses totaling 24,808 within a year, resulting in an estimated loss in output of $3 billion. Property values are also at risk, with an estimated $3.8 billion in losses and $21.4 million in lost property tax revenue

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