How do you generate between $2.2 and $3.4 million in total economic output? Invest $1 million in ecosystem restoration, according to a new study released earlier this month by the US Geological Survey (USGS).
Economists employed by USGS reviewed and evaluated 21 restoration projects backed by the Department of the Interior and found that for every dollar invested in ecological restoration there was a two- to three- fold impact on economic activity at the local, state, and federal levels. Every $1 million invested in restoration also creates between 13-32 job years – which can have a significant, and lasting, impact on a community.
The analysis looked at a wide range of ecological restoration projects, ranging from sagebrush and sage grouse habitat restoration to wetland and tidal marsh restoration to post-fire restoration projects – all projects that aim to provide a number of “ecosystem services,” which often have an under-appreciated function in our economy, and are also important for the environment.
What does this all mean? In short: investing in ecological restoration supports jobs and livelihoods, small businesses, and rural communities – something which can be part of the narrative told by businesses, governments, and others investing in ecological restoration.