Industry study set for release at Lauderdale show

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The results of a new study examining the economic impact of the marine industry in southeast Florida are expected to show that numbers are trending up.

The results of the most recent study are due out at the Fort Lauderdale International Boat Show, which is slated for Oct. 30-Nov. 3.

After four years of generally positive industry growth, the expectation is that the numbers have trended up. Regardless of direction, the data will tell an underlying story that needs to be shared and revisited withstate and federal officials who are interested in the vitality of all marine activity, according to the Marine Industries Association of South Florida, which owns the show.

The previous study, released in 2010, documented the marine industry stimulating 107,000 jobs and nearly $9 billion in revenue in the region. The activity was measured in the tri-county area, including 90,000 jobs in Broward County.

Researcher Tom Murray, of Thomas J. Murray & Associates, produced the earlier study and has been working on the new one for several months. He said these assessments primarily help the overall industry address public policy: transportation (for example, trains), dredging issues, submerged lands leasing issues, tax issues and the like.

By having the economic linkages documented it is possible to estimate not only the size of the industry being affected, but also to quantify changes to the industry-based economy from changes in public policy.


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