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. TheSupporting 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.
Artificial Reefs help establish and sustain vast numbers of various marine species including those found in the Benthic, Demersal and Pelagic zones.
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.