Regulations and Compliance

Many federal and state government regulations affect the marine industry. Trade Only follows developments as companies strive to operate in compliance with the rules.

Unemployment drops to 10 percent

The unemployment rate dropped to 10 percent in November, from 10.2 percent in October, the U.S. Bureau of Labor Statistics reported today. In November, both the number of unemployed people, at 15.4 million, and the unemployment rate edged down. At the start of the recession in December 2007, the number of unemployed people was 7.5…more

SBA issues first marine loan

The first marine loan was recently issued under the Small Business Administration’s Dealer Floor Plan pilot program that was launched earlier this year. The Tennessee-based Cleveland Boat Center finalized its SBA Dealer Floor Plan loan with longtime SBA lender Citizens National Bank of Athens, Tenn., the National Marine Manufacturers Association reports. “Our SBA loan has…more

Unemployment tops 10 percent

Unemployment rose to 10.2 percent in October, its highest rate since April 1983, the U.S. Department of Labor reported this morning. It was up from 9.8 percent in September. The largest job losses during the month were in construction, manufacturing and retail trade. In October, the number of unemployed people stood at 15.7 million. Since…more

Pennsylvania Fish and Boat Commission seeks new director

The Pennsylvania Fish and Boat Commission has launched a nationwide search for a new executive director. The executive director serves as the chief executive officer of the PFBC, an independent administrative commission established in 1866. The executive director is selected by, and reports to, a 10-member commission appointed by the governor. The agency is empowered…more

Nebraska politician questioned about his boat registration

Nebraska state Sen. Kent Rogert never paid sales tax on the 1996 boat he bought six years ago, and instead registered the vessel as a boat dealer, according to the Nebraska Watchdog Web site. Rogert acknowledges registering the boat as a dealer and says the 28-foot 310-hp powerboat is for sale. Rogert said it may…more

Group criticizes shutdown of gulf fishery

The recreational season for the fishing of Gulf amberjack closed Oct. 24 because of overfishing, according to the National Marine Fisheries Service. This announcement comes two years after the Gulf of Mexico Fishery Management Council shifted a significant section of recreational allocation of this species to the commercial sector. “There is no way to defend…more

Competing interests fight over Pacific marine reserves

The battle over how to establish marine reserves along the Pacific coast is just heating up. According to The New York Times, the competing interests of environmentalists, fishermen and seaside businesses became evident when a panel had to put off until next month its recommendation to the California Fish and Game Commission on its preference…more

Obama proposes raising SBA loan limits

The Marine Retailers Association of America applauded President Obama’s proposal Wednesday to raise the maximum size of SBA-backed loans to small businesses. “Marine retailers have been hard hit by the recession. MRAA has assisted the SBA in setting up workable loan programs for the marine industry,” said MRAA chairman Ed Lofgren. “We understand several dealers…more

Unemployment now at 9.8 percent

Unemployment rose in September to 9.8 percent, according to the U.S. Department of Labor. The economy lost 263,000 jobs last month, more than was forecast. The largest job losses were in construction, manufacturing, retail trade and government. The August unemployment rate was 9.7 percent. Since the start of the recession in December 2007, the number…more

Maryland kicks off coastal initiative

Maryland Gov. Martin O’Malley announced the first four projects that will start the state’s new Coast-Smart Communities Initiative. Created in response to the Maryland Commission on Climate Change Action Plan, the initiative provides financial and technical assistance to coastal communities to address vulnerability to the impacts of rising sea levels and climate change. “With more…more

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