Boating put $2.1B into N.J. economy - Trade Only Today

Boating put $2.1B into N.J. economy

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New Jersey boaters spent $2.1 billion in 2006, according to a study unveiled by the Marine Trades Association of New Jersey.

The study, the first of its kind in New Jersey, measured expenditures related to recreational boating and its impact on the state’s economy.

The study also showed that New Jersey’s recreational boating industry provides about 18,000 jobs.

“The data captured from this study finally proves how recreational boating substantially contributes to the economy and how important the industry is to the state,” said Melissa Danko, executive director of the MTA/NJ, in a statement. “Boating in New Jersey is serious business, and this study clearly demonstrates how much we need to work to protect and promote it.”

The data was compiled from a survey of registered boats in the state. They were asked to provide information on how much was spent on boat purchases, equipment, boat repair, insurance, services and annual fees associated with the use of marinas. Information on trip-related expenditures such as launching fees, lodging, food, gas, boater profile and geographic information also was collected.

Of the total money spent, $1.1 billion was for trip-related expenditures and $938 million came from annual boating purchases such as registration fees and insurance.

The project was funded in part from an I BOAT NJ program grant.

This article originally appeared in the July 2008 issue.

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