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Determining the Economic Impact of Protecting and Restoring the Great Lakes

CGLI is partnering with the Great Lakes Commission to lead a study that will determine the economic impact of the Great Lakes Restoration Initiative. Research teams from the University of Michigan and Central Michigan University will develop a comprehensive estimate of the economic impact of GLRI that will be used to demonstrate the value of ecosystem restoration and protection to the regional economy. Other project partners include the Great Lakes Metro Chambers Coalition, the University of Michigan Water Center, the Alliance for the Great Lakes, and the National Wildlife Federation.

The research methodology includes

  • An econometric analysis that will use a regional economic model to quantify the economic impacts of GLRI investments over the period 2010 to 2016 in terms of job creation, additional dollars leveraged, and personal income effects;
  • Case studies that will identify on-the-ground economic impacts of GLRI investments in Duluth, MN; Sheboygan, WI; Muskegon, MI; and Buffalo, NY;
  • A hedonic analysis to evaluate how delisting “areas of concern” has impacted property values in AOC communities.

The result of the preliminary analyses will be reported by October 1. More comprehensive analyses will be completed by June 1, 2018. More information is provided in the project summary. Additional information will be posted here as the project proceeds.