Thursday, November 10, 2011

The economics of outdoor recreation

As you know from previous blog entries, I find the economics of outdoor recreation to be astounding. Studies abound as more and more municipalities are capitalizing on their natural resources and reaching out to visitors encouraging longer stays in their area.
A recent study, released September 29, 2011 by Southwick Associates for the National Fish and Wildlife Foundation quantified outdoor recreation sales (gear and trips combined) at $325 Billion per year; greater than annual returns from pharmaceutical and medicine manufacturing ($162 billion); legal services ($253 billion) and power generation and supply ($283 billion).
They also state that home owners near parks and protected area are repeatedly seen to have property values more than 20% higher than similar properties elsewhere!
Indian Head is a community with tremendous assets. Let's talk about how they can be used to attract visitors and to further benefit the residents of the community! Join the discussion: November 22nd, 6pm at the Senior Citizens Center,

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