Money makes the world go round. That’s a harsh statement, and people may not want to admit it, but to a certain extent, this statement is true. Money is one of the greatest motivators. In the Chesapeake Bay, some question the ability to place a monetary value on something that is a natural resource. After all, how do you quantify beauty? Placing a monetary value on the Bay and its resources may lead to commodification, but that may be a risk that some are willing to take to save it.
Watch the video to learn how a healthy bay helps to stimulate a healthy economy. The following clip will inform you on how the pollution reduction targets is not the alleged “job killer”, but rather has helped create a number of jobs across the region. Not only that, but a healthier bay is important for both commercial and recreational fishing, tourism, and ecological health. By helping the environment, we help ourselves.
Economy of the Bay
The Chesapeake Bay is an important cultural location for the six states it covers, especially Virginia, Maryland, and Pennsylvania. The whole Chesapeake Bay system is strongly interconnected and provides a great economic benefit to the region. When looking at the Bay, one may only think of the fishing industry, but the watershed provides for the tourism industry, real estate industry, shipping industry, boating industry, forestry industry, and more. All these industries combined allow for the Chesapeake Bay to be valued at approximately 1 trillion dollars!