Boating put $2.1B into N.J. economy

Author:
Updated:
Original:

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

Registration for Outdoors Conference Opens

The Outdoor Recreation Roundtable’s June 1-2 virtual conference will include speakers and presenters from government agencies and ORR member partners.

Yamaha Sees Double-Digit Growth in Q1

The marine segment was up 7.4 percent, driven by demand for outboards in North America and Europe but tempered by supply-chain logistics.

Orion Announces SafetyPro Training

The factory-authorized courses are designed “to educate retail associates on how to match a boater’s type of boating with the different signal kits that we offer.”

A Truce on Tariffs?

The E.U. will suspend the June 1 increase of its retaliatory tariffs and agreed to negotiate with the U.S. to end steel and aluminum tariffs.

Argos 3D Forward Looking Sonar

For 20 Years, FarSounder has been developing and manufacturing 3D forward-looking sonar for vessels of all sizes.

Dometic Marine Appoints Executives

The company promotes a 20-plus-year employee and adds a vice president of aftermarket sales and e-commerce.

IMEA Launches Scholarship Program

The International Marine Electronics Alliance aims to recruit students into the field of marine technology.

RBFF Campaign Reels in Awards

The fishing-and-boating advocacy group’s Get on Board campaign was recognized by two national public relations organizations.

Suzuki’s Clean Ocean Project

Testing of the engine manufacturer’s microplastics filtering device continues as it moves closer to production. The company also released its full-year financials.