Government report highlights national economic benefits of outdoor rec
November 19th, 2020
The Bureau of Economic Analysis (BEA) released updated economic data on outdoor recreation’s powerful and positive economic impact on the U.S. economy showing $788 billion in economic output, comprising 2.1% of U.S. GDP and supporting 5.2 million jobs, as reported by the National Marine Manufacturer’s Association. The report includes national and state level data for […]
Marine CEOs optimistic in third quarter
November 18th, 2020
Data from the National Marine Manufacturers Association (NMMA) Q3 2020 Marine CEO Sentiment Report, fielded in October, shows marine CEO sentiment was overwhelmingly upbeat with 96% of CEOs reporting stable or expanding business conditions following the increase in new boat sales during the summer and early fall. The quarterly survey assessed the state and needs […]
Thinking about a business loan?
May 1st, 2015
Where to find money in a tight economy By William J. Lynott Credit is the oil that lubricates the machinery of business. Whether it’s a loan to buy inventory or supplies, to support expansion, an equipment purchase, or just the need for a short-term loan to meet payroll or other operating expenses, most marine fabricators […]
Challenges confront sailboat market
April 16th, 2015
Even as the economy recovers from the recession and its lingering effects, “sailing faces pressure from aging baby boomers turning toward powerboats and millennials enjoying broader leisure options,” the South Florida Sun Sentinel of Fort Lauderdale reported, citing industry leaders. According to U.S. Census Bureau data and industry research, the number of U.S. residents who […]