NCCOS-supported scientists evaluated potential economic impacts to the fisheries sector from expansion of the Pulley Ridge Habitat Area of Particular Concern (HAPC), located roughly 150 miles off Florida's southwest coast, and found that impacts would be limited to less than three percent in income, taxes, and employment.
Understanding the economic impacts to fisheries displaced by area closures is important for resource managers to know, as they must balance economic opportunity and ecosystem protection when making decisions. In the case of Pulley Ridge, the economic impact would be felt only if longline fishing was discontinued within the expanded area. In 2018, the Gulf of Mexico Fishery Management Council voted to expand the Pulley Ridge HAPC, but allowed bottom longlining to continue. Hence, the economic impact from the closure to fisheries should be minimal.
In a primary survey of commercial fishermen, some did express concerns about the possible economic impacts of the above policy decision. However, the long-term impacts of the closure are expected to enhance fish abundance and productivity, while protecting the new high coral cover area discovered outside the HAPC in 2014.
The overall project, led by the University of Miami, investigated the role that the mesophotic reefs of Pulley Ridge (60–105 meters or ~195–345 feet) may play in replenishing key reef species in the downstream reefs of the Florida Keys National Marine Sanctuary and Tortugas Ecological Reserve.
Citation: Seeteram, N., M. Bhat, B. Pierce, K. Cavasos, and D. Die. 2019. Reconciling economic impacts and stakeholder perception: A management challenge in the Florida Gulf Coast fisheries. Marine Policy 108:103628. doi:10.1016/j.marpol.2019.103628