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The nation's smallest state is feeling the pinch - Trade Only Today

The nation's smallest state is feeling the pinch

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Rhode Island’s marine industry is struggling, with all aspects of the market affected, according to a recent report.

“When a boatbuilder goes out of business, the dealer that would carry its products takes a hit. Marinas, where those vessels would have been docked, also suffer,” the Providence Journal reports.

At the height of the market, boating was never more popular in Rhode Island. The number of boats registered in the state jumped from 39,776 in 2006 to 43,734 in 2007, according to the Department of Environmental Management. But as the economy softened last year, the number dropped to 42,999.

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