Skip to main content
Updated:
Original:

Boating put $2.1B into N.J. economy

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.

Related

Pettit Tuff Coat

NEW PRODUCT: Pettit Tuff Coat is a perfect solution for slippery surfaces on your boat or dock. Pettit Tuff Coat is a water-based, rubberized, non-skid coating that prevents slips and falls while looking great! Durable and resistant to chemicals and impact, Pettit Tuff Coat is long-lasting and gentle on bare feet and bikinis.

Aren’t We Great?

Beware of navel-gazing and taking too much credit for our industry’s recent successes.

MRAA Launches Certified Pre-Owned Boat Program

Working with two industry certification partners, the association created a program to help dealers “find greater confidence and profitability in their preowned business.”

Scout to Expand With new Facility

The builder will house its research and development and lead engineering teams in the 21,000-square-foot building at its Summerville, S.C., headquarters.

Leadership Change at Volvo Penta of the Americas

Martin Bjuve has stepped down as president, and Tony Kelleher is taking the role in an acting capacity while a replacement is found.

Suntex Adds Superyacht Facility

The investment group adds Seahaven Marina, which can accommodate vessels up to 250 feet.

Newsweek Honors Brunswick Corp.

It’s the second consecutive year that the magazine named the corporation to its list of America’s Most Responsible Companies.