Over $250 million toward oil spill research and regional response centers has already announced by industry consortium.
Another devastating impact was observed on Alaskan tourism industry results in substantial financial losses. Which in turn also decreased visitors arrivals and stay in the spill polluted areas of Valdez, Cordova, Homer and Kodiak.
For residents of the surrounding areas, their businesses had been significantly affected by the oil spill. A severe labor shortage in tourism industry has also seen because of high paying clean up jobs in the area. It was resulted in higher cost of visitor industry businesses. Visitors spending also decreased in South central andSouthwest Alaskafrom previous year’s spending and reported a net loss of $19 million in visitor spending. In long term perspective,Alaska’s reputation f as a placid and pure natural environment is destroyed. But the positive impact was the increase in spill related businesses in the areas.
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