North Carolina Oyster Sanctuaries Economic Impact Report

This technical report presents an analysis of the North Carolina Oyster Sanctuary Program, focusing on its economic impacts and benefits from 2013 to 2023. The primary objective of the program is to establish a network of no-harvest oyster reefs that enhance oyster habitats and support the local oyster industry. The report details the investment of over $20 million in sanctuary construction, which resulted in the creation of 159 acres of oyster sanctuary. It outlines the expected benefits of these sanctuaries, including recreational and commercial fishing opportunities, improved water quality, and significant economic contributions to local businesses. The report also highlights the job creation associated with the program, estimating that it supported 143 jobs and generated $34 million in revenue for North Carolina businesses. Additionally, the study discusses the distribution of benefits across coastal counties and the potential for future funding to extend these benefits to more disadvantaged populations. The findings underscore the importance of the Oyster Sanctuary Program in promoting both environmental health and economic vitality.