Intro background

Economic Resilience

The actions in this focus area strive to increase the local economy's capacity to handle shocks that may occur due to extreme weather and build a workforce that can take advantage of new climate opportunities and fosters sustainability.


Progress Toward Our Goals

Many actions are underway in this thematic area from various partners but here are some highlights.

  • Vineyard Power is collaborating with ACE MV to explore the possibility of establishing an on-island certification/training program for HVAC installers.
  • Through the MVC an initial analysis was drafted to identify funding needs and potential sustainable finance mechanisms that could be developed (e.g. resilience fee for tourists).
  • For more updates, take a look at our 2023 Progress Report!

Climate Change and Our Economy

Our Main Challenges

Climate change has the ability to disrupt our local economy. We could see:  

Changes to the economy and workforce, including a move away from fossil fuel-related businesses; extreme weather impacts to small businesses; changes in outdoor jobs and recreation jobs due to extreme weather; loss of beaches due to sea level rise and coastal erosion. 

Cost of living increases, including housing, insurance, and food; shocks from extreme weather events (storms, flooding, heat, wildfire); loss of town property tax income as coastal property values decline. 

Loss of business due to “life-line infrastructure” interruptions from storms, flooding, and erosion, and a lack of planning for businesses to address these impacts. 

Storm waves crashing on the front porch of a building.

Climate Change and Our Economy

Building a Resilient Local Economy

Watch the stories of Islanders who care about the strength and resilience of our local economy - and find out how local businesses can chart the way forward to a better future for all.

Economic Benefits of Climate Action

Stregthening Blue, Green, and Creative

Planning for a more climate sustainable economy can be accomplished by diversifying and strengthening on blue, green, and creative economies. 

Blue Economy: Ocean-based jobs including fishing/aquaculture, boat building and repair, marine transportation, and sustainable tourism. 

Green Economy: Jobs that reduce greenhouse gas emissions, preserve biodiversity, and enhance ecosystem services, including renewable energy and nature-based climate change-adaptation strategies. 

Creative Economy: Jobs related to human creativity, such as art, music, food, knowledge, and technology. 

Man wearing safety gear climbing up a tall yellow ladder over a barge boat on the ocean.

Photo credit to Veja Mate

Oak Bluffs

Equity Considerations

An Economy That Works for Everyone

Economic disparity on the Island is a major roadblock to an equitable society. Extreme real estate prices, a lack of affordable housing, and high costs of living threaten to disenfranchise the year-round working class population. This is particularly true of vulnerable populations, including low wage earners, persons lacking in specialized training, non-English speaking residents, and business owners and employees located in flood-prone and other climate-impacted areas. We will address climate change-related equity issues with increased identification and access to training for local climate change-related jobs that target vulnerable populations and provide support for the adaptation of vulnerable businesses.  


Thematic Working Group Members

Liaison: MV Center for Education and Training

(Holly Bellebuono)

Don Leopold

Charles Goodhue

Christine Flynn

Allen Rugg

Julia Cleste Tarka

Jessica Mason

Jonathan Blum

Jevon Rego

Christine Todd

Fred Roven

Heidi Stevenson

Phil Wallis

Hunter Moorman

How You Can Help

Take Action for a Thriving and Resilient Economy!

Support local businesses where possible.
If you're a business owner, learn how climate change can impact your business and plan for these changes.
Complete an energy assessment at your business to identify ways to conserve energy and save money!
Get incentives to replace equipment and systems in your business with energy efficient ones.
Four people in helmets and lifejackets float in shallow water during a safety training exersize.

Photo credit MV Center for Education and Training