Joint-Value Creation Between Marine Protected Areas and the Private Sector
Using the business practices the National Park Service and other government agencies have created, ONMS can develop programs that enable NMSP to create economic value within its boundaries and jurisdictions. While many of these programs may be currently unfeasible due to the political climate in the U.S., they may be set as long-term goals for the system to achieve down the road. Nevertheless, recommendations can be currently made for ONMS to enhance its approach towards developing joint-value creation with the private sector.
By developing a variety of sustainable business programs, ONMS would be able to create value across the entire triple bottom line. Cost-benefit analyses on these programs can help support the reasoning behind NMSP’s establishment and give greater credence towards its mission to protect marine environments and biodiversity. Additionally, these programs have the potential to further NMSP’s public awareness and understanding. Overall, the net benefit of such initiatives would be positive for the entire sanctuary system.
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