Commercial ﬁshing can provide a source of economic opportunities for coastal communities; however, little is known about how large such eﬀects may be. In particular, there is limited empirical research on what indirect impact commercial ﬁshing may have on local economic activity in other sectors through spillover/multiplier eﬀects. While such spillovers have been the subject of past work in other extractive sectors, econometric estimates of the local multiplier eﬀects of commercial ﬁshing are relatively few (see Roy et al., 2009, for an exception). We econometrically estimate the local multiplier eﬀects of commercial ﬁsheries in Alaskan ﬁshing community economies. Adapting the empirical methodology of Moretti (2010), we estimate the eﬀect of an additional dollar of ﬁshing revenue in a given ﬁshery for communities that have access rights to that ﬁshery, are located nearby the ﬁshery, or have catch landed at a local processor. We diﬀerentiate the eﬀect of access rights, proximity, and landings to determine the relative importance of each of these channels in spurring local economic activity. Further, using a novel state dataset, we are able to diﬀerentiate whether economic gains are accruing to long-term residents or non-resident workers. Despite the substantial size of the Alaskan commercial ﬁshing industry, we ﬁnd virtually no evidence of local multiplier eﬀects across any of the potential channels for the average Alaskan community. We provide qualitative evidence that this is attributable to a large fraction of out-of-state access ownership and a migratory workforce.