News & Press
New Opportunities for a 'Restoration Economy' on the Coast
Connecting the dots to put local people to work on new projects in the Gulf Coast: between businesses, government agencies, nonprofits, and workers.
Cara Byington | The Nature Conservancy | (904) 412-3422 | email@example.com
Mary Babic | Oxfam America | 617-840-8957 | firstname.lastname@example.org
Thibodaux, LA | July 19, 2012
Over one hundred people with interests in the new "Restoration Economy" gathered in Thibodaux, Louisiana, today to share information about training and employing local workers in projects to restore ecosystems along the battered Gulf Coast.
Oxfam America, The Nature Conservancy and Coast Builders Coalition sponsored the day-long forum with the goal of exploring the enormous potential for new projects that will come when the money from the oil spill fines flows into the area. The recently passed RESTORE Act will potentially funnel billions of dollars into the Gulf states, with the potential to create thousands of new jobs and business opportunities.
Attending the forum were businesses that have specific interests in the new restoration projects, especially dredging, engineering, and construction firms; government agencies that help retrain and locate workers; nonprofits that work in the communities; and conservation organizations that aim to maximize investments in ecosystem restoration projects that protect coastal communities and make them more resilient in the face of hazards.
"It was tremendously exciting to gather these people from such different arenas, to see how they could assist each other in embarking on new enterprises that benefit the environment and economy of the Gulf Coast," said Cindy Brown, Gulf of Mexico Program director for The Nature Conservancy.
Irit Tamir, senior advocacy and collaborations advisor for Oxfam, noted the potential to help the economy and the communities. "The RESTORE Act gives the region a tremendous opportunity to repair and restore the vital and delicate ecosystems that many have relied on for their livelihoods. We see the opportunity to create a whole new market that employs hundreds and thousands of people and injects new life into the communities."
Restore or Retreat, a regional coastal advocacy group based in Thibodaux, hosted the forum. The group’s executive director, Simone Maloz, noted, "The business community has always been a tremendous supporter of coastal restoration in our area. We are pleased to be able to give back in a small way by hosting this forum and providing information about the ways that coastal restoration can help local businesses grow and maximize their investments in this restoration economy."
At the forum, Oxfam America and The Nature Conservancy presented a new report entitled Rebuilding Our Economy, Restoring Our Environment: How the Emerging Restoration Economy Offers New and Expanded Opportunities for Gulf Coast Businesses and Communities. The report notes the importance of the Gulf Coast to the country’s environment and economy and explores the potential of the new restoration economy to employ people, revitalize the economy and repair vital ecosystems.
The report notes that an investment of $1 million in a restoration project generates from 17 to 36 jobs. "That’s a tremendous return on investment," said Scott Kirkpatrick, president of the Coast Builders Coalition. "And we have further proof that these are good jobs that pay wages that can sustain families. Business owners are invested in the health of our communities, and are eager to use the local workforce where practical."
Dr. Sherwood "Woody" Gagliano, CEO of Coastal Environments Inc., attended the forum and gave a presentation about his company’s involvement in building and designing oyster reefs, which are excellent examples of projects that contribute to the growth of the new restoration economy. "In order for businesses to enter new markets such as the construction of oyster reefs, the flow of funding for ecosystem restoration and management cannot be intermittent or cyclic. With the passage of the RESTORE Act, there is an opportunity for long-term, meaningful investment in projects that will not only provide significant benefits to the environment, but also to local workers, businesses, and communities."
"This is a moment of incredible opportunity," said Patrick Barnes, president of BFA Environmental and founder of Limitless Vistas, a nonprofit preparing New Orleans area disadvantaged youths for environmental jobs. "The money from the oil spill fines gives us a real chance to make things right in the community and in the environment. We can retrain the folks who were displaced, and employ them in repairing the damage. If the game plan to repair the environmental harm does not include making the impacted communities whole through training and real job opportunities, then we would have failed. These projects must help to revitalize the local economy and the life of these communities as they adapt to these challenges."
Oxfam America is an international relief and development organization that creates lasting solutions to poverty, hunger, and injustice. Together with individuals and local groups in 99 countries, Oxfam saves lives, helps people overcome poverty, and fights for social justice. Oxfam America is an affiliate of Oxfam. To join our efforts or learn more, go to www.oxfamamerica.org
The Nature Conservancy is a leading conservation organization working around the world to conserve the lands and waters on which all life depends. The Conservancy and its more than 1 million members have protected nearly 120 million acres worldwide. Visit The Nature Conservancy on the Web at www.nature.org