DOI OIA: Executive Summary - Economic Impacts Attributable to FY2011 Federal Grants and Payments to Seven Insular Areas
ES-1 EXECUTIVE SUMMARY The Office of Insular Affairs (OIA) carries out the Department of the Interior’s responsibilities for U.S.-affiliated insular areas. These areas are the territories of American Samoa, Guam, the U.S. Virgin Islands, and the Commonwealth of the Northern Mariana Islands as well as the Freely Associated States (FAS)1 of the Federated States of Micronesia, the Republic of the Marshall Islands, and the Republic of Palau. OIA provided $451 million in grants and payments to the insular areas during FY 2011. This assistance played an important role in the economies of each of these areas by providing financial and technical assistance to promote economic growth, education, public health, and the development of more efficient and effective government. Because of a lack of sophisticated economic data series, such as input-output tables, for these insular areas, territorial and federal leaders are largely deprived of the type of thorough economic analysis that would assist them in making more informed policy decisions. …
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