Building a Blue Economy in North Carolina
The ocean economy contributed $2.1 billion and 43,385 jobs to North Carolina’s economy in 2013, according to a new report by North Carolina Sea Grant and Duke University’s Nicholas Institute for Environmental Policy Solutions. Ocean and coastal resources played an even larger role in the state’s coastal counties, providing 6.5 percent of gross domestic product, or GDP, and supporting 13 percent of employment. And according to “North Carolina’s Ocean Economy: A First Assessment and Transitioning to a Blue Economy” report co-author Tibor Vegh, these figures are most likely low. “Our estimates represent a snapshot in time only for the sectors where we could find economic data,” Vegh, a policy analyst with the Nicholas Institute, tells CoastWatch.