Skip to main content

Northwest groups will study boating’s economic impact

Two of Washington state's largest boating industry associations are teaming up to fund a joint study examining the economic effect of recreational boating in the state.

The Northwest Marine Trade Association and Northwest Yacht Brokers Association commissioned a study that will examine the effect boating has on jobs and the economy in Washington.

"We need to reframe the message around recreational boating. What we want to demonstrate is that our state can create a demand for high-paying jobs and increase revenue by supporting the maritime facet of our economy," said Martha Comfort, NMTA government affairs committee chairwoman, said in a statement.

"Vessels are currently avoiding Washington state because of sales and use taxes. Consequently, Washington state loses jobs and the overall economy suffers," according to the organizations. "The high sales tax often eliminates the cumulative year-after-year effect on jobs and taxes generated by the cost of vessel ownership."

The premise of the study is that a vibrant recreational boating industry would bolster Washington state's sagging economy and that growth of the industry would lead to job creation and an improved business climate. The ultimate goal is to regain the maritime identity that once made Washington state a "global leader in recreational boating due to our fine cruising waters and spacious deepwater ports, both from a business and tourist perspective," the groups said in a statement.

The study, done by Hebert Research Inc., is expected to be completed by mid-February.

Related

1_WHALESACTION

NMMA: Proposed Speed Rule an ‘Existential Threat’ to Industry

The association is calling on every marine brand, employee and boat owner to file public comment by Oct. 31 over a sweeping regulation to protect North Atlantic right whales.

1_AXOPAR

Axopar and Nimbus Renew Agreement

The boatbuilders have entered an agreement whereby Nimbus Group will retain exclusive rights to sell Axopar boats on the Swedish market.

1_IAN

Hurricane Ian Leaves Devastation in Florida

The storm left a wide swath of destruction, heavily impacting marine interests from Tampa Bay to Marco Island.

Norm

Email Is Your Ticket to Holiday Sales

Developing an effective email campaign can bolster sales and help fill winter coffers at your dealership.

1_NMRA

NMRA Presents Annual Awards

Edson CEO Will Keene and ComMar Sales president Tim Conroy were recognized for their contributions to the marine industry.

1_ PULSE.PING.2

DEALERS: Are Interest Rates Impacting Demand?

This month’s Pulse Report survey asks dealers whether interest rate increases are causing a downturn in boat sales. Take the survey here.

1_EPROPULSION

EPropulsion, Mack Boring Partner with Crest

Pontoon builder Crest will use an ePropulsion Navy 3.0 Evo electric outboard motor and an E175 battery for its 2023 Current model.

1_BENETEAU

Beneteau Reports Significant H122 Growth

The company reported that its revenue grew 8.6 percent and income increased by 30 percent during the first half of 2022.