A new report, “The Return on Investment in Parks and Open Space in Massachusetts” authored by the Trust for Public Land, has been released.
Highlights from the report:
- For every $1 invested in land conservation, $4 in natural goods and services is returned to the Massachusetts economy.
- Visitors to Massachusetts spend an estimated $16.9 billion each year and generate $1.1 billion in state and local taxes. The total economic impact of this travel is $26.9 billion. Tourism supports nearly 125,000 jobs, which provides $3.63 billion in wages per year.
- Outdoor recreation generates $10 billion in consumer spending, $739 million in state and local tax revenue, 90,000 jobs, and $3.5 billion in wages and salaries each year in the state.
- Agriculture, forestry, commercial fishing, and related processing activity are responsible for $13 billion in output, and 147,000 jobs in Massachusetts.