Are you connected to the Outdoor Economy?
The outdoor recreation economy accounted for $374.3 billion of current-dollar gross domestic product (GDP) for the nation in 2020.
Nationally the outdoor economy generates nearly $80 billion annually in tax revenues, split almost evenly between the federal government and state and local governments.
Fourth Economy’s analysis of the GAP Trail found that the GAP Trail alone generated $800,000 per mile in economic impact. State, county and local governments receive more than $8.7 million ($58,000 per mile) in annual taxes. Compared to maintenance costs
of $1,000 to $5,000 per mile for the trail, the outdoor economy represents assets that pay for themselves.
Fourth Economy can
leverage their outdoor economy assets
Four questions to consider
What are the outdoor recreation assets in my community?
Do all residents have access to outdoor recreation opportunities?
Do local regulations and policies (land use, zoning, etc.) support outdoor recreation?
Is my local government investing to maintain and enhance outdoor recreation assets?
Our Outdoor Economy assessment considers four areas that, when optimized, allow communities to realize the full potential of their outdoor economy assets.
What is the workforce needed for the outdoor economy?
What benefits do residents get from local outdoor economy assets?
How do you ensure the accessibility and availability of outdoor economy assets?
What are the critical gateways and hubs for the outdoor economy?
Do you have conservation, land use, and zoning policies that preserve and enhance the
potential for outdoor economy growth?
What visitors do your outdoor economy assets attract?
How can you leverage your infrastructure investments and capital spending to support the outdoor economy and generate a positive ROI?
Is the outdoor economy and recreation a part of your comprehensive plan?
How can your community create programming and public-private partnerships
to promote and link outdoor economy assets and activity?
How many jobs in your
community are part of the
outdoor economy ecosystem?
What is the full range of
new business opportunities
that will be created with the expansion of outdoor economy resources?
Is my community prepared
to capture new expansion
opportunities as the result of investment in outdoor economy assets?
Get in touch to find out more about our
assessment and planning capabilities
Fourth Economy is an economic development consultancy that uses analysis and engagement to help communities become more equitable, strategic, and resilient.
Want to know more? Get in touch!
Watch our webinar: Unlocking the Outdoor Economy for All
Moderator Chris Perkins, Senior Director at Outdoor Recreation Roundtable, discussed the current landscape and what the pandemic has meant for outdoor recreation, especially in rural areas. Fellow panelists Jordan Katcher, Facilitator + Adjunct Professor at the University of Utah, and Marcus Shoffner, Founder of The Outdoor Inclusion Coalition, shared their thoughts on equity-focused, rural, and macro levels of partnership within the outdoor economy and outdoor recreation work. The panelists also tackled the tough questions outdoor economy leaders need to address.
View our previous webinar Promising Practices of Outdoor Recreation Economies for even more information!