April 1, 2020 — The following was released by the Garden State Seafood Association:
The recently passed CARES Act provides emergency loans and other forms of relief for American small businesses affected by the ongoing coronavirus crisis. The Act also included over $300 million specifically intended to help the domestic fishing industry, one of the many industries harmed by the ongoing closures necessary to stop the spread of COVID-19.
This federal support is essential for the future of New Jersey’s fishing industry, which is a key part of the state’s coastal economy. According to statistics compiled by the Garden State Seafood Association, New Jersey’s fishing industry landed over $170 million worth of fish in 2018. According to NOAA statistics, 68 percent of what consumers spent on seafood was at food service establishments, like restaurants, rather than in retail sales.
The fishing industry is one of the largest year-round employers and is responsible for thousands of direct and indirect jobs. According to a 2016 paper from NOAA, New Jersey’s seafood industry is the sixth largest in the U.S., and is responsible for 37,127 jobs, $6.2 billion in sales, $1.4 billion in income, and $2.3 billion in value- added impacts.
The industry landed over 190 million pounds of finfish and shellfish in 2018, worth a total of $170,261,000. Four of the top six commercial fishing ports in the Mid-Atlantic are found in New Jersey. The industry is responsible for significant harvests of Atlantic scallops, monkfish, shortfin and longfin squid, Atlantic mackerel, tunas, swordfish, black sea bass, summer flounder, Atlantic surfclams, and ocean quahogs.
The industry is concentrated at five major coastal ports; Belford, Point Pleasant, Barnegat Light, Atlantic City, and Cape May/Wildwood. The table below illustrates the 2018 landings at three of the ports, and their dollar value.