FOR IMMEDIATE RELEASE
OUTDOOR RECREATIONAL SPENDING DOMINATED BY MOTORIZED USAGE
Conclusions of Dept. of Commerce Research
Denver, CO, February 14, 2018- Department of Commerce research commissioned by Secretary of Interior Sally Jewel to determine the value of outdoor recreation as part of the Gross Domestic Product was released today. The research identified that outdoor recreation accounted for 2% of the GDP or more than $371 Billion in spending annually and that this value was steadily increasing from 2012 to 2016.
This research further concluded that motorized spending was the dominant portion of spending for recreational activity, and almost exceeded all other spending sources combined. This research provides the following breakdown of spending:
“ORBA representatives were always aware of the strong relationship motorized recreation played in outdoor recreation but even we were surprised at the values established in the Department of Commerce Research. This is welcome information and will be very helpful in undertaking land management decisions on public lands moving forward and confirmed what many in the industry had believed for many years” said Fred Wiley, ORBA CEO/President. “Additionally, this information will be very helpful for communities that are targeting recreational activity to replace tax revenue that has been lost when other industries have moved out of the communities.”
A complete version of the research is available here: https://bea.gov/newsreleases/industry/orsa/2018/pdf/orsa0218.pdf
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OUTDOOR RECREATIONAL SPENDING DOMINATED BY MOTORIZED USAGE
Conclusions of Dept. of Commerce Research
Denver, CO, February 14, 2018- Department of Commerce research commissioned by Secretary of Interior Sally Jewel to determine the value of outdoor recreation as part of the Gross Domestic Product was released today. The research identified that outdoor recreation accounted for 2% of the GDP or more than $371 Billion in spending annually and that this value was steadily increasing from 2012 to 2016.
This research further concluded that motorized spending was the dominant portion of spending for recreational activity, and almost exceeded all other spending sources combined. This research provides the following breakdown of spending:
“ORBA representatives were always aware of the strong relationship motorized recreation played in outdoor recreation but even we were surprised at the values established in the Department of Commerce Research. This is welcome information and will be very helpful in undertaking land management decisions on public lands moving forward and confirmed what many in the industry had believed for many years” said Fred Wiley, ORBA CEO/President. “Additionally, this information will be very helpful for communities that are targeting recreational activity to replace tax revenue that has been lost when other industries have moved out of the communities.”
A complete version of the research is available here: https://bea.gov/newsreleases/industry/orsa/2018/pdf/orsa0218.pdf
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If you would like more information about this topic, please contact Scott Jones, Esq. at 518-281-5810 or email at Scott.jones46@yahoo.com.Continue reading...