Tag: commercedept

Commerce Dept. Approves Oregon Fishery Disaster Declaration

18Oct

By Fishermen's NewsNo Comments

Fishermen's News Online, News

Commerce Dept. Approves Oregon Fishery Disaster Declaration

Federal authorities have approved a fishery disaster for the years 2018, 2019 and 2020 at Oregon Chinook salmon ocean commercial fisheries, a decision that makes fishermen eligible to apply for disaster assistance from the National Oceanic and Atmospheric Administration. Oregon’s congressional delegation, also including five members of the U.S. House of Representatives, announced the determination on Friday, Oct. 13, saying the aid would help the state’s coastal economies recover from years of drought, changing ocean conditions, and critical habitat loss that have harmed salmon populations in the Pacific Northwest. The delegation said that the U.S. Department of Commerce has fishery disaster assistance funding available and would soon determine the allocation. “Oregon’s fishin...

Marine Economy Pours Billions Into America’s GDP, Reports Show

15Jun

By Fishermen's NewsNo Comments

Fishermen's News Online, News

Marine Economy Pours Billions Into America’s GDP, Reports Show

Economic reports compiled by two Commerce Department agencies confirm that America’s marine economy continues to pour billions of dollars into the nation’s gross domestic product, albeit tempered by a general economic decline during the first year of the global coronavirus pandemic. Results of the annual Marine Economy Satellite Account released in June by NOAA and the Bureau of Economic Analysis show that amounted to some $361 billion in 2020, the first year of the COVID-19 pandemic. That total represents a 5.8% or $23 billion reduction in real terms, adjusted for inflation, from 2019, outpacing the general economic decline of 3.4%. The data, report and other materials are available at https://coast.noaa.gov/digitalcoast/data/marine-economy.html and on the BEA Marine Economy web...