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Alaska’s seafood industry lost $1.8 billion last year, NOAA report says
A variety of market forces combined with fishery collapses occurring in a rapidly changing environment caused Alaska’s seafood industry to lose $1.8 billion from 2022 to 2023, a new federal report said. The array of economic and environmental challenges has devastated one of Alaska’s main industries, said the report, issued by the National Oceanic and Atmospheric Administration. And the losses extend beyond economics, casting doubt on prospects for the future, the report said. The losses also extend beyond Alaska. Nationwide, Alaska’s seafood industry woes caused the loss from 2022 to 2023 of more than 38,000 jobs and a $4.3 billion decline in total U.S. output, the report said. There was also a loss of $269 million in combined state and local tax revenues, the report said. The states most affected beyond Alaska were those on the West Coast. The report breaks down the dollar losses. more, >>CLICK TO READ<< 10:14
