By promoting tourism, sport fishing and scuba diving, artificial reefs, help promote billions of dollars of economic impact. A recent study in Florida indicates more than 4 billion dollars per year.
In New Jersey, recreation sport fishing represents more than 1.2 billion dollars of economic impact per year. Supporting jobs in boat building, marinas, restaurants, hotels, bait & tackle stores, etc. Funding for reefs in New Jersey, comes from individual donations, fishing clubs,
tournaments, fund raising, Foundations and corporations.
The Sportfishing fund, established in 1988, is a 501(c)(3) dedicated to funding artificial reef projects. This includes matching grant, fund raising, club partnerships, memorial/dedication reefs and interstate projects.
The fund has received, through donations, more than $2,500,000 for artificial reef deployments. These projects range from concrete castings to the Ex-USS Arthur W. Radford.
The Fund is non-parochial and non-political.
Artificial Reefs help establish and sustain vast numbers of various marine species including those found in the Benthic, Demersal and Pelagic zones.