Most of the benefits from the commercial fishing industry go to local government, while the state spends more on the industry than it takes in, according to a new analysis.
A study conducted by Bob Loeffler and Steve Colt of the University of Alaska Anchorage’s Institute of Social and Economic Research found that the state spends about $27.2 million more on commercial fishing than it receives in revenue from the industry.
This includes regulation, operations and capital projects. However, it does not consider federal funds, which play a role in Alaska’s fisheries, as many salt-water fisheries are federally managed, at least partially.
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