The National Marine Manufacturers Association and the Marine Retailers Association of the Americas have announced a joint donation of $10,000 to the Marine Trades Association of New Jersey’s Recovery and Relief Fund to provide aid to marine businesses affected by Superstorm Sandy.
The NMMA estimates that the recreational boating industry creates $1.6 billion in annual economic impact in New Jersey alone.
Making up part of the marine industry economic impact in New Jersey are about 1,140 marine businesses in the state that generate an estimated $224 million in labor income for employees. The businesses serve an estimated 160,000 registered boats in New Jersey.
"Our industry's businesses put their faith in trade associations, investing in us so that we can protect and serve them," MRAA president Matt Gruhn said in a statement. "While there are numerous ways MTA/NJ, MRAA and NMMA work to deliver a return on investment for our members, the aftermath of events like Hurricane Sandy represent one of our most important opportunities to serve this great industry. By creating this Recovery and Relief Fund, MTA/NJ has given us a way to extend a hand to those recreational marine companies who have been hard hit by this natural disaster, and for that we are grateful."
“We hope our donation will help our colleagues in New Jersey receive the aid they need to get back on their feet, post-Hurricane Sandy, and revive the thriving New Jersey boating industry,” NMMA president Thom Dammrich said in a statement.