Modern Economy

Volume 11, Issue 7 (July 2020)

ISSN Print: 2152-7245   ISSN Online: 2152-7261

Google-based Impact Factor: 0.74  Citations  h5-index & Ranking

Economic Impact of Cleghorn Springs State Fish Hatchery, Rapid City, South Dakota, USA

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DOI: 10.4236/me.2020.117096    463 Downloads   1,136 Views  Citations

ABSTRACT

Cleghorn Springs State Fish Hatchery, Rapid City, South Dakota, USA is a public fish hatchery producing trout and salmon for recreational angling in South Dakota. Funding for the hatchery comes from an excise tax on fishing equipment and the sale of hunting and fishing licenses. This study is an assessment of the local economic effect of hatchery expenditures and fish production for 2019. Fish reared at Cleghorn Springs State Fish Hatchery in 2019 had a calculated total economic impact value of $5,105,825.89. This value was added to Cleghorn Springs estimated share of angler expenditures in the Black Hills National Forest, increasing the total local monetary impact to $89,405,101.86. Cleghorn Springs State Fish Hatchery generated $171.93 of local economic output per budgetary dollar spent in 2019.

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Martling, S. , Fletcher, B. and Barnes, M. (2020) Economic Impact of Cleghorn Springs State Fish Hatchery, Rapid City, South Dakota, USA. Modern Economy, 11, 1351-1358. doi: 10.4236/me.2020.117096.

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