Study says money grows on Denali trees.
"We've always known that Denali is a great place to take friends and relatives-now we can see that Denali also is a powerful engine for local communities by providing much-needed employment, tax revenue for local schools, and support for local businesses," said NPCA Alaska Regional Director Jim Stratton.
The report, U.S. National Park System: An Economic Asset at Risk, produced for NPCA by independent economists Hardner & Gullison Associates LLC, shows that the U.S. National Park System generates at least $4 for state and local economies in return for every one tax dollar invested in the national parks' annual budget.
The report relies on a cost-benefit analysis methodology developed by the federal government under the Reagan Administration; economic impact analysis; and economic growth analysis. Through system-wide analysis and the study of 12 individual parks, the report shows that the National Park System, including parks such as Denali, play a major role in attracting and sustaining local businesses and communities in areas near parks. According to the report, Denali generates $20 million in annual recreational benefits while its annual budget is just $14 million. Visitors generate nearly $23 million annually in local revenue while supporting more than 500 local jobs (non-park staff).
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|Comment:||Study says money grows on Denali trees.(PARKS)|
|Publication:||Alaska Business Monthly|
|Date:||Mar 1, 2007|
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