ERIC Number: ED216745
Record Type: RIE
Publication Date: 1982-Jun
Reference Count: 0
A Cost-Benefit Analysis for Seafood Processing Training Sessions in the Galveston Bay Area.
Hodgin, Robert F.
A cost-benefit study was conducted to determine the economic viability of continuing to offer training sessions for seafood processors through the College of the Mainland in Texas. Data for the study were collected from both primary and secondary sources, including the college and local company participating in the program, federal and state records and statistics, and direct observations. The cost-benefit analysis was based on estimates of direct costs (e.g., salaries, materials and supplies, advertising costs, and out-of-pocket operating costs); indirect costs, including the disruption of local employment patterns; direct benefits, including additional state sales tax generated from purchases via added income; and indirect benefits, such as the effect on the region of increased gross wages. The study revealed the cost-benefit ratio of the training sessions was 1.83, that is, for every dollar of state cost, $1.83 was returned to the state, largely through increased sales tax revenue. A sensitivity analysis, which assumed significant changes in costs, benefits, and discount rates, showed the project to be still marginally acceptable according to minimum cost-benefit criteria. The report includes a descriptive history of the Texas seafood harvesting and processing industries, which contains discussions on the influx of Vietnamese immigrants, price fluctuations and seasonality, and labor force needs, and statistics on wages and fishing regulations. (HB)
Publication Type: Reports - Evaluative
Education Level: N/A
Sponsor: Texas Education Agency, Austin.
Authoring Institution: College of the Mainland, Texas City, TX.
Identifiers: Fishing Industry