University of Delaware Water Resources Agency Institute for Public Administration

1. Economics and Water in Delaware and the Delaware Valley University of Delaware Water Resources Agency Institute for Public Administration

2. Water • 97-3-1 • Essential for Life • Most Precious Chemical (H20) • No Economic Substitute • Universal Solvent • Exists in Nature as 3 States of Matter

3. 80%

4. Delaware 1st State to sign the Constitution 1 Congressman 3 electoral votes 2nd smallest state 3 counties One of 3 states on a peninsula Lowest state in the U.S. 500-yr floodplain covers 2/5 of State Wetlands cover 1/3 of State

5. Delaware • 4 basins and 46 watersheds • 897,934 people (US Census 2010) (1,000 people/sq. mi.) • Landuse (2007)

6. Best Run States (24/7 Wall St.) • North Dakota 3.5% unemployment • Wyoming Energy is 30% of GDP • Nebraska 4.4% unemployment • Utah AAA Bond Rating • Iowa 5.9% unemployment • Alaska Budget Deficit = 0 • South Dakota 7.6% tax burden • Vermont 5.6% unemployment • Virginia $62,000 HH income • Minnesota 92% w. HS diploma • Delaware AAA Bond Rating

7. GDP per Capita by State

8. GDP Per Capita by Country • Luxembourg $89,992 • Quatar $88,919 • Macau $77,607 • Delaware $69,667 • Norway $61,882 • Singapore $61,103 • Kuwait $54,654

9. Public Water Use Per Capita

12. Delaware, an Economic Engine… • Watersheds contribute $2 billion - $6.7 billion annually to the State’s economy.

13. Over $6 billion in Economic Activity • Largest contributors: • Ports - $3.3 billion • Recreation - $2.4 billion • Forest and Agriculture: • Over $1.1 billion • Fish/Wildlife, Public Parks, Water Quality and Water Supply: • $344 million – $591 million • Flood Control: • $73 million

14. Delaware WatershedsEconomic Value

15. $6.7 billion of Ecosystem Goods and Services (per year) • Net present value (NPV) - $216.6 billion • Freshwater wetlands – $2.4 billion • Marine - $1.2 billion • Farmland – $1.7 billion

16. Delaware WatershedsEcosystem Goods and Services

17. Delaware Ecosystem Goods and Services by Basin

18. Over 70,000 jobs and $2 billion in wages (per year) • Tourism – 31,050 jobs ($931 million in wages) • Farm – 28,328 jobs ($1.4 billion in wages) • Coastal – 15,174 jobs ($268 million in wages)

19. Delaware watersheds provide: • Over $6 billion in annual economic activity from water quality, flood control, water supply, fishing and wildlife viewing, recreation, agriculture, ports, forests, and parks. • Ecosystem goods and services of $6.7 billion per year (2010 dollars), net present value (NPV) $216.6 billion. • Over 70,000 jobs with over $2 billion in wages.

21. The DRBC was formed by JFK in 1961. DRBC is led by 4 Governors and U.S. Army Corps of Engineers who are Commissioners. The Delaware Basin is governed by 20 Federal agencies, 8 U.S. Senators, 20 Congressmen, 4 states, 24 counties, and over 500 municipalities The Delaware Basin supplies drinking water to 16 million people

23. America’s Founding Fish

24. Boeing Camelback Ski Area Campbell’s Soup DuPont Wawa Keystone Brewpub Crayola Crayons Starbucks Del. Water Gap NRA Philadelphia Eagles New York Yankees Yards Creek Hydro United States Navy Guggenheim Museum What do these enterprises have in common?

26. Consumer surplus is the difference between the amount that consumers actually pay and the amount that they would have been willing to pay. Consumer Surplus Supply Price ($/1000 gal) Demand Quantity (gal)

29. The Delaware River Basin in Del., NJ, NY, and Pa. contributes: 1. $25 billion in annual economic value from recreation, water quality, water supply, ecotourism, forest, agriculture, open space, and port benefits. 2. Ecosystem goods and services worth $21 billion per year, net present value (NPV) = $683 billion. 3. Over 600,000 jobs with $10 billion in wages.

31. US Budget • FY12 Federal Budget = $3,830 billion • EPA Budget < $10 billion • US Pop. = 309 million • US Budget per capita = $12,000 • EPA Budget per capita = $32 • EPA Budget = 0.3% US budget

33. $2.8B $403M $4.8B $917M

35. Questions?