Bailey, Megan

English

University of Maine

The University of Maine DigitalCommons@UMaine Annual Maine Aquaculture R&D and Education Summits Conferences and Summits Winter 1-17-2020 Economic Impact of Maine's Aquaculture Industry: Status Update Megan Bailey Follow this and additional works at: https://digitalcommons.library.umaine.edu/ari_rd-ed This Presentation is brought to you for free and open access by DigitalCommons@UMaine. It has been accepted for inclusion in Annual Maine Aquaculture R&D and Education Summits by an authorized administrator of DigitalCommons@UMaine. For more information, please contact um.library.technical.services@maine.edu. Economic Impact of Maine’s Aquaculture Industry: Status UpdateMegan BaileyMargaret Chase Smith Policy CenterJanuary 17, 2020Maine Aquaculture R&D&E SummitGoal of Study:• Industry profile/overview– Acreage, age of leaseholder, age of business, employees, species/products, distribution, etc. • Economic impact analysis – Utilize an input-output model that will track how money flows through the aquaculture industry and across the state as a whole » Multiplier effectsThis information will be used to help inform policymakers and the public about the role aquaculture plays in the state’s economy.Economic Impact Survey• Conducted by: – Margaret Chase Smith Policy Center– Maine Aquaculture Innovation Center– Maine Aquaculture Association– University of Maine EPSCoR/SEANET• Methodology:– Surveys conducted online, over the phone, and via mail Response RatesRelevant Businesses Identified Total Responses Response Rate2014 107 71 66%2019 339 78 23%Example of DifferencesSpecies/  ProductsReported Sales Revenue EmployeesReported Compensation2014 10 10% less than $10,00063% full time, year-round26% less than $50,0002019* 3 50% less than $10,00032% full time, year-round54% less than $50,000*Due to low response rate results should be taken as preliminary and not extrapolated to the industry as a wholeWhat Can You Do?Have already completed the survey THANK YOU! Have not completed the survey Please consider completing itBelieve you received the survey in error Please let us know so we can remove you from our listsBelieve you (or someone else in your business) should have received the surveyPlease let us know so we can add you to our listDon’t have an AQ related business but know someone who does….Please check-in with them and see if they completed it or would consider doing soMegan BaileyMargaret Chase Smith Policy CenterUniversity of Maine207.581.3859 (office)207.745.4822 (cell)megan.rae.bailey@maine.eduThank you!

Economic Impact of Maine\u27s Aquaculture Industry: Status Update

https://digitalcommons.library.umaine.edu/cgi/viewcontent.cgi?article=1042&amp;context=ari_rd-ed

Economic Impact of Maine\u27s Aquaculture Industry: Status Update

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