According to a presentation on the economic impact of North Carolina’s wild-caught commercial fishing industry, Sneads Ferry is a significant fishing port. In 2019, commercial fisherman in Sneads Ferry landed 1,174,210 pounds of seafood with a value of $2,789,571.00.
While a precise breakdown of tax revenue specifically from the Sneads Ferry fishing industry isn’t readily available, it is clear that the commercial fishing sector has a significant economic impact in Onslow County. Here’s a summary of known impacts:
Overall Economic Contribution: The seafood industry has long been a major part of Onslow County’s economy. In 2012, the dockside value of seafood in the county was approximately $4.6 million. This value contributes to the broader economic activity, which in turn generate tax revenue.
Multiplier Effect: A report on North Carolina’s wild-caught commercial fishing industry highlights that the sector generates income and jobs not only in harvesting but also in related business like marinas, boatyards, processing plants, and restaurants. This multiplier effect means the industry’s financial activity extends throughout the county’s economy, increasing the overall tax base.
Employment and Income: The fishing industry supports a range of jobs in Onslow County, from fisherman themselves to those working in supporting industries. The income generated by these jobs contribute to the county’s tax base through personal property and sales tax.
Source: A collaborative research project from faculty at Appalachian State University, Duke University, NC State University and the University of North Carolina Wilmington as part of the North Carolina Sea Grant project.
Sneads Ferry, North Carolina 