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A new study by Headwaters Economics finds that national monument designations promote stable and diversified economic growth in nearby communities. Opponents of national monuments often claim that the limitations that national monument designations place on future uses of the land will disrupt local economic growth. But this latest analysis by Headwaters Economics shows that this is not the case.
The Headwaters Economics study analyzed 30 large national monuments in the West designated between 1982 and 2022, and evaluated nearby communities according to economic indicators measuring jobs and income before and after each monument's designation. This analysis found that national monument designation is associated with a stable economic trajectory, continued job and population growth, and slight increases in incomes following the designation.
In addition, the study examined five national monuments designated since 2022 and created economic forecasts for those monuments based on the results of the 30 pre-2022 monuments. These forecasts predict similar stable economic trajectories for those communities.
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