July 27, 2015 — The following was released by NOAA:
In 2014, NOAA Fisheries conducted our first-ever survey of independent retailers that sell saltwater bait and tackle in coastal communities. We found that bait and tackle shops generated an estimated $854 million in sales of saltwater bait, tackle, and other fishing-related equipment. Collectively, these sales support $2.3 billion in total sales output, nearly $800 million in income, and support over 16,000 full and part-time jobs.
Before this study, we lacked baseline data to help describe the role independent bait and tackle retailers play in local economies. These results will inform decision-making on how proposed fishing regulations changes might affect our society and economy Please take a moment to review the full results and share the findings with others who may be interested.
Please contact the report’s lead author, Cliff Hutt (cliff.hutt@noaa.gov), if you have questions or need additional information about the study.