Sean McGuire, Stephen Posner, Hans Haake, Measuring Prosperity: Maryland’s Genuine Progress Indicator, The Solutions Journal, Volume 3, Issue 2, March 2012, Pages 50-58 (https://www.thesolutionsjournal.com/article/measuring-prosperity-marylands-genuine-progress-indicator/) Abstract: The Chesapeake Bay is one of the largest and most productive estuarine systems in the world.1 A 2001 study estimated the value of the Bay at between $360 million and $1.8 billion.2 In 2005, Maryland’s fisheries alone contributed about $1 billion to the state’s economy, sustained around 4,000 jobs, and generated more than $22 million for government coffers. But the Chesapeake is under constant threat from population growth, land conversion, and short-term economic pursuits. In its 2010 State of the Bay Report, the Chesapeake Bay Foundation estimated that the Bay was functioning at 31 percent of its historical potential.3 Similarly, the University of Maryland gave the Bay a grade of C- in its 2010 report card.4 We are not only risking the loss of economic resources, but also the social benefits the Bay provides to the surrounding region. From family crab feasts to sailing regattas, the Chesapeake is not just a body of water but a way of life. Maryland’s government is … Topics: Community; Economy; Ecosystem Services