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Virginia Institute of Marine Science

Thomas J. Murray

Associate Director for Advisory Services

Email : [[tjm]]
Phone : (804) 684-7190
Fax : (804) 684-7161
Address : P.O. Box 1083, Gloucester Point, VA 23062
Office : Clayton House 203B
Department : Advisory Services

Education
  • Master of Science, Applied Economics - 1976

Area of Emphasis: "Natural Resources and Regional Development"

Clemson University, Clemson, South Carolina

  • Bachelor of Arts, Economics - 1971

Kenyon College, Gambier, Ohio

  • Supplementary Course Work:

Applied Natural Resource Economics; Economics of Outdoor Recreation; Agricultural Banking; Agricultural Credit Analysis ; Advanced Agricultural Credit Analysis; Agricultural Appraisal; Advanced Agricultural Appraisal.

Research Interests
  • Natural Resource Economics
  • Regional and Coastal Community Development
  • Public Policy Research
  • Economic Impact Analysis
  • Public Finance
  • Marine Advisory and Technical Consultation
Current Projects
  • Economic Impact of the 2010 “Macondo Oil Spill” on the Seafood Industry.
  • Creating Community and Economic Development Tools for Developing and Retaining Working Waterways & Waterfronts.
  • Economic Impact Study of Recreational Boating in Virginia.
  • Evaluation of the Economic Impact of the H2-B Visa program on Virginia’s Seafood Industry. 
  • Virginia Fishery Resource Grant Program Implementation.
Professional Background:

2009 – Present      Associate Director for Advisory Services - Faculty, College of William & Mary, Virginia Institute of Marine Science, Gloucester Point, Virginia

1999 – 2008       Marine Business and Coastal Development Specialist – Faculty, College of William & Mary, Virginia Institute of Marine Science, Gloucester Point, Virginia

1990 – Present      Consulting Economist – Specializing in the application of economic theory, statistics, and econometrics to evaluate public policy alternatives and provide associated state and federal government- relations representation. Clients range from public agencies to private industry, international consulting firms, universities, and trade associations.

1995 –1999      Adjunct Senior Research Associate – School of Policy Studies, Georgia State University;
Atlanta Georgia

1990 –1997      Senior Research Associate   – Center for Economic & Management Research, University of South Florida; Tampa, Florida

1991–1995       Instructor of Economics – Hillsborough Community College; Tampa, Florida

1985 – 1990     Executive Director – Gulf & South Atlantic Fisheries Development Foundation, Inc.; Tampa, Florida

1982 – 1985     Loan Officer/Aquatic Specialist – Federal Land Bank/Federal Intermediate Credit Bank of Columbia, Columbia, South Carolina; Credit and Appraisal Department for joint banks in the 3rd Farm Credit District (N.C., S.C., Ga., Fla.)

1980 – 1982     Resource Economist – College of William and Mary, Virginia Institute of Marine Science;
Gloucester Point, Virginia

1978 – 1980     County Extension Director/Marine Advisory Agent - Monroe County Florida - University of Florida, Institute of Food and Agricultural Sciences; Key West, Florida

1977 – 1978     Research Assistant – South Carolina Wildlife and Marine Resources Department; Charleston, South Carolina

1976 – 1977     Instructor of Economics – Tri-County Technical College, Pendleton, South Carolina

1973 – 1975      Graduate Student/Research Assistant – Clemson University Department of Agricultural Economics; Clemson, South Carolina

Selected Past & Current Public Service and Committee Appointments:
  • Chairman, Fisheries Committee of the American Agricultural Economics Association (AAEA)
  • Chairman, Gulf of Mexico Marine Fisheries Initiative (MARFIN): State, Federal, Private, Marine Fisheries Research
  • Chairman, American Seafood Industry Executive Marketing Team (Washington, D.C.)
  • Chairman, Southeastern Shrimp Industry/U.S. Department of Commerce Technology Transfer Task Force
  • Chairman, Florida Keys Marine Advisory Council
  • Chairman, Florida Keys Boating Improvement Committee
  • Appointee, National Fisheries Institute “Fresh Fish Committee” (Washington, D.C)
  • Appointee, Seafood Industry Advisory Committee, Florida Department of Agriculture
  • Development Team, IRS Publication 595 "Tax Guide For Commercial Fishermen"
  • Technical Steering Committee, U.S. E.P.A. “Gulf of Mexico Program"
  • U.S. National Marine Fisheries "Shellfish Growing Waters Task Force"
  • Key West Community Development Agency.
  • Advisor, Chesapeake Bay National Estuarine Reserve System.
  • U.S.D.A. Tidewater Resource Development and Conservation Council.
  • Rappahannock Community College Citizen Advisory Committee.
  • Governor’s Aquaculture Advisory Committee.
  • Sea Grant National Sustainable Development Focus Team.
Selected Courses and Professional Development Seminars Conducted:
  • Special Purpose Property: Appraisal Techniques for Aquatic Loan Officers: Federal Land Bank of Columbia, SC;
  • Financing Shoreside Facilities: Federal Land Bank of Columbia, SC;
  • Aquatic Credit Training: 3rd. Farm Credit District Production Credit Associations (NC, SC, GA, FLA);
  • Financing Commercial Fishermen; Loan Officer Training: 3rd. Farm Credit District Production Credit Associations (NC, SC, GA, FLA);
  • Analysis of Fishing Vessel Sales and Appraisals: Federal Intermediate Credit Bank of Columbia, SC;
  • Aquatic Credit and Appraisal Training for Bankers: Federal Intermediate Credit Bank of Columbia, SC;
  • Cash Flow Financing for Credit Officers: FarmBank Services of Denver, CO;
  • National Aquatic Credit Training: FarmBank Services of Denver, CO;
  • Record Keeping for Commercial Fishermen: University of Florida;
  • Tax Preparation for Commercial Fishermen: University of Florida
Academic Courses Taught:
  • Microeconomics
  • Macroeconomics
  • Natural Resource Economics
Major Areas of Expertise:
  • Natural Resource Economics               

  • Regional Development

  • Public Policy Research                         

  •  Economic Impact Analysis

  • Forecasting                                                  

  • Data Collection and Analysis

  • Survey Research                                        

  • Technical Consultation

Recent Selected Clients Include:
  • A.T. Kearney, Inc.; Alexandria, Virginia
  • Broward County Economic Development Commission
  • Burger Boats
  • Chilean Salmon Farmers Association; Santiago, Chile
  • City of Key West, Florida
  • East Coast Fisheries Foundation, Inc.; Narragansett, Rhode Island
  • Louisiana Department of Wildlife and Fisheries; Baton Rouge, Louisiana
  • Louisiana State University: Center for Coastal, Energy, and Environmental Resources; Baton Rouge, Louisiana
  • Marine Industries Association of Florida; Coral Gables, Florida
  • Marine Industries Association of South Florida; Fort Lauderdale, Florida
  • McKnight & Associates, Inc.; Seattle, Washington
  • Massachusetts Government Land Bank; Boston, Massachusetts
  • Middle Peninsula District Planning Commission; Saluda, Virginia
  • Monroe County Commercial Fishermen, Inc.; Marathon, Florida
  • National Marine Fisheries Service; Miami, Florida
  • National Marine Manufacturers Association; Chicago, Illinois
  • National Oceanic & Atmospheric Administration, Rockville, Maryland
  • Ocean Marine, LLC; Portsmouth, Virginia
  • P.M. Securities, Inc.  Toronto, Canada
  • Strom Thurmond Institute of Government and Public Affairs, Clemson University; Clemson, South Carolina
  • Yachting Promotions, Inc., Fort Lauderdale, Florida
  • Techlaw, Inc., Bethesda, Maryland
  • Virginia Department of Health; Richmond, Virginia
Selected Research Reports and Publications:

"Virginia Fishery Resource Grant Program Legislative Report."  VIMS Marine Resource Report No. 2014-1.  28 pages.

Murray, Thomas J. and Karen Hudson.  2014.  "Virginia Shellfish Aquaculture – Situation Outlook Report (Results of 2012 Virginia Shellfish Aquaculture Crop Reporting Survey)."  VIMS Marine Resource Report No. 2014-2.  VSG-14-02.  20 pages.

“Economic Activity Associated With the 2013 Progressive Insurance Miami International Boat Show.”  National Marine Manufacturers Association.  September 2013. 

Economic Activity Associated with Shellfish Aquaculture in Virginia - 2012.” VSG-13-17, VIMS Marine Resource Report No. 2013-4, July 2013.  

“Mega Yacht Economic Analysis for the Las Olas Marina Expansion Feasibility Study Fort Lauderdale, Florida.”  City of Fort Lauderdale, Florida.  January 2013.

“VMRR2012 Virginia Fishery Resource Grant Program Legislative Report.”  VIMS Marine Resource Report No. 2013-1.

2012 Virginia Shellfish Aquaculture-Situation and Outlook Report”.  VMRR No. 2013-02.  VSG-13-02.  March 2013.

 “Assessment of the Economic Impacts of Recreational Boating in Virginia .” VMRR.  2012-12.

“Report of the Virginia Institute of Marine Science –the Virginia Fishery Resource Grant Program:  2012.”VMRR 2013-1 February 2013.

“2012 cultchless (Single Seed) Oyster Crop Budgets for Virginia.  User Manual” VMRR 2012-10. VSG-12-13.

“Virginia Shellfish Aquaculture Situation and Outlook Report – Results of 2011 Virginia Shellfish Aquaculture Crop Reporting Survey.”  VIMS Report Number 2012-04.   VSG-12-07.  May 2012.

“A Review of Brokered Boat Sales in Florida under the Sales & Use Tax Cap.” Florida Yacht Brokers Association & Marine Industries Association of South Florida.  February 2012.

“Analysis of the Economic Impact of H-2B Worker Program On Virginia’s  Seafood Industry and Economy.”   VIMS Marine Resource Report No. 2011-12

"Virginia Shellfish Aquaculture Situation and Outlook Report results of 2010 Virginia Shellfish Aquaculture Crop Reporting Survey". VIMS Marine Resource Report No. 2011-11. VSG - 11-06. 

Assessment of the Economic Impacts of Recreational Boating in Middlesex County, Virginia. VMRR # 2011-3. VSG-11-02.

"Estimated Economic Impact of Gulf Oil Spill on Virginia's OysterIndustry - July 2010"  VMRR # 2010-07.T. Murray and J. Kirkley.

"Virginia Shellfish Growers Survey Report 2008-2009 Situation and Outlook Survey".  VIMS Marine Resource Report No.2009-05. VSG 09-04.

"Assessment of the Economic Impacts of Recreational Boating in the City of Hampton."  VIMS Marine Resource Report No. 2009-02.  VSG-09-02. VSG-08-08

"Economic Outlook for Expansion of the Eastern Shore Farmers' Market:  Seafood Handling, Storage, and Transportation Facility." VIMS Marine Resource Report No. 2008-7.

"Virginia Shellfish Aquaculture-Situation and Outlook Report".  VIMS Marine Resource Report No. 2008-02.VSG-08-02.  May 2008

"Recent Growth, Current Activity, and Economic Impacts Of Mega Yachts In South Florida 1997 – 2007".  The Broward Alliance & Marine Industries Association of South Florida.  October 2007.

"Water Access 2007 Conference Proceedings-A National Symposium on Working Waterways and Waterfronts".  May, 2007. VSG-07-03.  VIMS MarineResource Report 2007-04.

"Virginia ShellfishAquaculture-Situation and Outlook Report".  VIMS Marine Resource Report No. 2007-02. VSG-07-02.  April 2007

"Recent Growth, Current Activity, and Economic Impacts Of Mega Yachts In South Florida
— 1997 – 2007".  The Broward Alliance& Marine Industries Association of South Florida.  October 2007.

Potential Market and Economic Impact of Proposed PORTO MONTENEGRO– Tivat, Republic of Montenegro –.  P.M. Securities (Barbados), Inc. February 2007.

"Market Assessment and Feasibility Analysis for Small Scale Aquaculture Development in the Southsideof Virginia." VIMS Marine Resource Report No. 2006-11.  December 2006.

"Broward's Recreational Marine Industry –Economic Activity Associated with In-Water & Dry Stack Boat Slips–August 2006".  Marine Master Plan Committee.  Marine IndustryAssociation of South Florida, Inc. Fort Lauderdale, Florida.  August 2006

"Economic Activity Associated With the Inaugural "VirginiaIn-Water Boat Expo September 9-11, 2005". VMRR 2006-01.  VSG-06-02.  April 2006.

"Tortugas 2000-A Post Mortem: Evaluation of Actual Versus Projected Socio-Economic Impacts of the Dry Tortugas Ecological Reserve".  Project Final Report. NOAA Contract NA04NMF4330079.  May 2006.

"Virginia Shellfish Aquaculture-Situation and Outlook Report".  VIMS Marine Resource Report No. 2006-05.VSG-06-06.  April 2006.

"Economic Activity Associated With the Inaugural "Virginia In-Water Boat Expo September 9-11, 2005". VIMS Marine Resource Report No. 2006-01. VSG-06-02.  April 2006.

"Economic Impact of the Recreational Marine Industry-Broward, Dade, and Palm Beach Counties, Florida – 2005" forThe Broward Alliance and Marine Industries Association of South Florida.  Fort Lauderdale, Florida.  January, 2006.

"Economic Contributions of Virginia's Commercial Seafood and Recreational Fishing Industries: A User's Manual forAssessing Economic Impacts."  With J.Kirkley VIMS Marine Resource Report No. 2005-9. December, 2005.

"Florida's Recreational MarineIndustry-Economic Impact and Growth 1980-2005"  for Marine Industries Association ofFlorida.  December, 2005 Miami, Florida.

"The Impacts of The Cruise Ship Industry on the Quality of Life in Key West".  ForCity of Key West Naval Properties Local Redevelopment Authority.  October 2005.

"Yachting Sector DevelopmentStudy-Strategic Plan" with Acme Consulting Inc. for St. Lucia Ministry ofTourism.  June, 2005.

U.S. Caribbean Fish Trap Fishery Costs and Earnings Study  2005. NOAA Technical Memorandum NMFS-SEFSC- 534, 127 p.  with Agar, J. J., M. Shivlani, J. R. Waters,M. Valdés-Pizzini, J. Kirkley and D. Suman.

"Economic Activity Associated with theSixty-Fourth Miami International Boat Show & Strictly Sail – February17-21, 2005," (with the University of Florida) prepared for the NationalMarine Manufacturers Association, Inc., Chicago, IL,  May 2005.

"Economic Activity Associated with Clam Aquaculture in Virginia– 2004" VSG -05-05.  VIMS Marine Resource Report No. 2005-05, Virginia Institute of Marine Science.   Gloucester Point, Virginia.  July 2005.

"Pilot-scale Production Economics of C. Ariakensis Oysters" VSG -05-03.  VIMS Marine Resource Report No. 2005-04, VirginiaInstitute of Marine Science.   Gloucester Point, Virginia July 2005.

"Recent Growth, Current Activity and Economic Impacts of Mega Yachts in South Florida 1997 – 2003," prepared forthe Marine Industries Association of South Florida, the Broward Alliance, Ft. Lauderdale, FL,2003.

"Socio-Economic Baseline Development Florida Keys National Marine Sanctuary: 1998-2002" February 2003.

"Geospatial Information System (GIS) Analysis of Florida Keys National Marine Sanctuary Fishing Panels" February 2003. NOAA/NOS.

"Economic Activity Associated with the Atlantic Intracoastal Waterway" Proceedings of Coastal Zone '03.  Baltimore, Maryland.  2003.

"Virginia Marine Trades Workforce Training-A Regional Needs Assessment."  Virginia Marine Resource Report 2004-02, VSG -04-02.

"Economic Relianceon Use of Imported Shrimp in the United States."  American Seafood Distributor's Association.  Washington, D.C.  January 2003.

"Economic Analysis of MarineProtected Areas". Proceedingsof the International Institute of FisheriesEconomics and Trade (IIFET 2002). Wellington New Zealand 2002

"Evaluation of Comparative Watercraft Personal Property Taxation in Northern Neck Localities."  Virginia MarineResource Report 2002-7

"Economic Activity Associated With the 17th Annual Palm Beach Boat Show – March 21-24, 2002" (withthe University of Florida) prepared for Marine Industries Association of Palm Beach and Yachting Promotions, Inc.

"Evaluation of Comparative Waterfront Personal Property Taxation in Middle Peninsula Localities." Virginia Marine Resource Bulletin 2001-12.

"Virginia Boating Plan and Access Needs Assessment."  Virginia Marine Resource Bulletin 2001-13.

"Boating Growthand Trends" Virginia Marine Resource Bulletin.2001.

"Virginia Marina Infrastructure Needs Assessment."  Virginia Marine Resource Bulletin 2001-2, VSG-01-02.

"Economic Activity Associated with the Miami International Boat Show – February 11-17, 1999," (with the Universityof Florida) prepared for the National Marine Manufacturers Association, Inc., Chicago, IL, 1999.

"Potential Market for the Ocean Marine Yacht Center," prepared for the Ocean Marine, L.L.C., Portsmouth, Virginia, 1999.

"Economic Impactsof Hurricane Georges on Monroe County Commercial Lobster Fishing, 1998," prepared for the Monroe County Commercial Fishermen, Inc., Marathon, FL,1999.

"Recent Growth,Current Activity and Economic Impacts of Mega Yachts in South Florida – 1997," prepared for the Marine Industries Association of SouthFlorida, the Broward Alliance, Ft. Lauderdale, FL, 1998.

"EconomicActivity Associated with The Thirty-Eighth Annual Fort Lauderdale International Boat Show," (with the Universityof Florida) prepared for MarineIndustries Association of South Florida, Broward Economic Development Council,and Show Management Inc., Ft. Lauderdale, FL, 1998.

"Economic Activity Associated with the Marketing of Fresh Atlantic Salmon from Chile inthe U.S.," (with Center for Economic andManagement Research, University of South Florida) prepared for Chilean Salmon and Trout Farmers Association, Santiago, Chile, 1997.

"Florida's Recreational Marine Industry – Economic Impact and Growth, 1980-1997," (with R. McHugh) prepared for Marine Industries Associationof Florida, Inc., Coral Gables, FL, 1997.

"Economic Impact of the Recreational Marine Industry – Broward County,Florida," (withR. McHugh) prepared for Marine Industries Association of South Florida, Ft. Lauderdale, FL,1997.

"The Florida Marine Industries "10-90" Sales Tax Initiative," (with R. McHugh) prepared for Marine Industries Associationof South Florida, Ft. Lauderdale, FL, 1997.

"Economic Activity Associated with Personal Watercraft Use in Monroe County, Florida," (with R. McHugh) prepared for the Personal WatercraftIndustry Association/National Marine Manufacturers Association, Chicago, IL,1996.

"Economic Impact of Commercial Fisheries in the Florida Keys," (with Center for Economic and Management Research, University of South Florida)prepared for the Monroe County Commercial Fishermen Inc., Marathon, FL,1995.

"Northeast Multi-Species Fishery Management – A CurrentReview," prepared for The East Coast Fisheries
Foundation, Inc., Point Judith R.I, 1992.

1987-1990. Industry Development and Introduction of TEDs(Turtle Excluder Device) in the Southeastern Shrimp Industry. Conducted for National Marine Fisheries Service, St.Petersburg, FL.

1982-1985. Monthly "Shrimp Industry Situation and Outlook Report," prepared for Farm Credit Banks,
Columbia, SC.

"Price Flexibility and Demand Analysis for Virginia Hard Clams; Mercenaria mercenaria," (withW. DuPaul and
A. Kvaternik), Virginia Institute of Marine Science, College of Williamand Mary, Gloucester Pt., VA, 1981.

"Analysis of Three Site Locations for Crab Meal Productionin the Chesapeake Bay Region," (withW. DuPaul), Virginia Institute of Marine Science, College of William and Mary, Gloucester Pt., VA, 1981.

"Feasibility of Shellfish Meal Production in the ChesapeakeBay," (with W. DuPaul), Virginia Institute of Marine Science, College of William and Mary, Gloucester Pt., VA, 1980.

"Economic Impact of Recreational Boating in Virginia," (with J. Lucy and W. DuPaul), Virginia Institute of Marine Science, College of William and Mary, Gloucester Pt., VA, 1980.

"Cost and Returns of Commercial Shrimp Vessels in the South Atlantic," (with D. Liao), South Carolina Wildlife Dept., Ft. Johnson, SC, 1976.

"Mobility of Shrimp Vessels in the South Atlantic," (with D. Liao), South Carolina Wildlife Dept., Ft. Johnson,SC, 1976.

"An Industrial Quality Index of Alternative Coastal Developments," (with B. Dillman), South Carolina Agricultural Experiment Station, Clemson, SC, 1976.

"Economic Impact of S.C. Private Boat Anglers," (with D. Liao), South Carolina Wildlife Dept., Ft. Johnson,SC, 1976.

"EconomicImpact of Flood Control; Marion County, S.C.," (with B. Dillman), U.S. Soil Conservation Service,Columbia, SC, 1974. 

Invited Public Testimony and Presentations Include:
  • U.S. Senate Commerce Committee, regarding the “Reauthorization of the Magnuson Fishery Conservation and Management Act”
  • House Merchant Marine and Fisheries Committee, regarding the “Reauthorization of the Magnuson Fishery Conservation and Management Act”
  • Smithsonian Institute, “Future of the Coastal Fisheries in Florida”
  • Florida Governor and Cabinet Meetings
  • Florida Marine Fisheries Commission
  • Atlantic and Gulf of Mexico Regional Fisheries Management Councils
  • Expert Testimony in Natural Resource issues provided in numerous state and federal courts
  • Other formal presentations related to the economics of natural resources have included various media:
    Magazines, Newspapers, Network and Public Broadcasting Television, Radio, Video.          
Professional Associations:
  • American Agricultural Economics Association
  • International Institute of Fisheries Economics & Trade
  • North American Association of Fisheries Economists
  • Southern Regional Science Association
  • The Coastal Society