betterlobsterlaw.com
Facts & Figures - Economics
 
Home Our Plan Facts & Figures News & Opinion FAQ Support About Us

Groundfish

Lobster Economics  
Analysis suggests if Maine continues to take no action to retain its groundfish fleet, another 200 jobs will be lost.  Conversely, if the state allowed bycatch lobster to be landed - or reimbursed Maine's fleet for the foregone value - 150 jobs would be recaptured.

Read the analysis

A study conducted by a prominent Maine economist validates Maine fishermen’s description of the importance of bycatch lobster, and found that Maine’s prohibition on bycatch lobster landings costs the state hundreds of jobs and million of dollars in taxes, wages, and economic activity. 

According to the report, Maine lost 355 jobs, $30 million in economic activity, and $1 million in taxes from 2000-2005, and the exodus to Massachusetts is accelerating. 

Read the economic study | Press release

The number of jobs in Maine seafood processing plants plummeted by nearly 50% over the last decade.  During the same time, Massachusetts, with its fishing-friendly state policies, saw its processing employment increase.

Seafood Processing Jobs

The federal government ranks the top 50 U.S. ports by value of seafood landed.  Portland, a top-10 port in the 1990's, has fallen to 20th-30th.  Meanwhile, the port of Gloucester MA - formerly 20th-30th - has risen to take Portland's place.

Port Rankings          Port Revenues          Port Volumes

New England seafood landings are worth $800 million - $1 billion annually.  Lobsters, scallops, and groundfish are the most valuable species landed.

Value of New England Fisheries