Endowed over 1,000 miles of coastline, tens of thousands of acres of protected conservation and recreation lands, world renown marine technology and research organizations, and a reputation as an internationally known coastal vacation choice, the Cape Cod Region is truly a maritime centered destination in which to live, work play, and create.
For the better part of a century, Cape Cod Region has had a tourism/retirement-centered economic plan that leverages its unique and immense natural resources, as well as its geographic position near population centers in the Northeast megalopolis – the most heavily urbanized region in the country (49 million), Western Europe and eastern Canada. While this strategy has been successful in establishing the region as a world-class leisure destination, it fails to embrace many other facets of the region’s economy that have grown around its core attribute – its water related resources.
Launched in 2015 by the Cape Cod Chamber of Commerce, The Blue Economy Project is a regional initiative to promote and sustain a maritime-focused economy on Cape Cod, the islands and southeastern MA. Building on existing sustainable tourism development, world class marine research, and land use planning dedicated to preserving our environment and quality of life, the effort also aims for full inclusion with existing economic efforts in the region. The Project was supported by a grant from the Baker-Polito administration’s Seaport Economic Council.
The Blue Economy is all about creating a sustainable future for the region by expanding and diversifying our economy beyond its tourism base through a focus on a marine-centered live-work-play economy.
The blue economy acknowledges that the environment is our economy. It recognizes the vast role that water, both salt and fresh, plays in our everyday life, understanding our relationship with the water resources surrounding us, how we interact, and finding a sustainable and symbiotic course for the future.
Long Term Outcomes:
- Support a sustainable region – economically & environmentally
- Fostering economic growth in an existing set of well-established industries
- Decrease variability of revenue due to the season tourism based economy