Rhode Island marine industry has outsized impact on state’s economy

Author:
Publish date:

The Rhode Island marine industry accounts for about 13 percent of the state’s economic output, according to a study. The Economic Impact of Rhode Island’s Marine Trades Sector study found that 1,712 marine trade firms had $2.65 billion in gross sales in 2016, with about $2.64 billion in economic output.

The state’s marine industry accounted for 13,337 jobs, or about 4.7 percent of the state’s overall job numbers in 2016. As a group, marine services and supplies accounted for the highest economic output, with 2016 sales of $583.6 million, or about 25 percent of total sales. Marinas, docks and yacht clubs were next, with $376.43 million; charter and cruise services were third, with $336.24 million.

Boatbuilders accounted for about $264.4 million. The study noted 21 builders that use only composites accounted for $100.25 million of annual sales.

The study was produced by professors and graduate students at the University of Rhode Island, as well as RIMTA executive Susan Daly and the Rhode Island Composites Alliance. 

Related

Suzuki Powers Forest River’s New Nepallo Pontoon Boats

The new Nepallo line of pontoon boats with Suzuki engines will be sold at select Camping World and Gander RV & Outdoors stores.

West Marine CEO to Keynote Annual MRA Event

With a “Climate for Change” theme, the Marine Recreation Association’s Educational Conference and Trade Show is set for Oct. 11-13.

Skeeter Owner’s Tourney Held on Lake Fork

A field of 2,000 anglers in 1,000 boats saw a nearly 10-pound bass capture first place in the annual Skeeter owner’s tournament.

Email Remains a Vital Marketing Tool for Dealers

A content marketing staple, emails can consistently deliver valuable and relevant information, if done correctly.

ABYC to Publish Largest-Ever Standards Manual

The nonprofit is offering pre-orders until June 18 of its updated standards manual, with a publication date of July 31.

Furuno, Simrad Add SiriusXM Fish Mapping Suite

The subscription-based service offers offshore anglers a suite of technology with which to locate and catch more fish.