Skip to main content

Webinar details benefits of U.S. export program

The marine industry is one of a few that will have access to scarce federal dollars during a nationwide push to increase exports from American companies.

That was what the U.S. Department of Commerce told boatbuilders at a webinar Tuesday to discuss the federal push to grow boating exports.

“With dwindling resources, we decided to take a look at sectors where we could benefit the most,” Commerce Department international economist John Vanderwolf said at the webinar.

Recreational transportation is among them because the growth potential is high, and because it’s typically composed of small and medium-size businesses the impact on new jobs should be high, Vanderwolf said.

As a result “we’ll have a greater percentage of government resources that are available,” Vanderwolf said.

The webinar was designed to help marine manufacturers and dealers see how the recent partnership between the National Marine Manufacturers Association and the Commerce Department’s trade association can help their businesses grow internationally.

Rebecca Torres, a commercial officer with the Commerce Department, said manufacturers should be sure to contact state economic development agencies because they often have special programs. Enterprise Florida is offering three grants each for several upcoming international boat shows. Other states might offer similar breaks and bonuses, she said.

Another clear message was: Marine businesses should let the NMMA and the Commerce Department know their areas of interest and their questions. Liaisons in each country can assist the process of breaking into specific markets and teams can assist in research.

Click here for more.

— Reagan Haynes

Related

1_SUNTEX

Suntex Expands Into California

The marina owner-operator purchased Seaside Boatyard & Marina in Oxnard, Calif., its first California acquisition.

1_MIA

MIA Announces Sponsorship

The Marina Industries Association has named The Jetty Specialist as a bronze sponsor of group.

1_ABYC

ABYC Opens Standards Week Registration

The organization will hold its annual safety standard conference Jan. 9-13, 2023, in New Orleans, La.

1_DEALER.OUTLOOK

Alleged Tournament Cheats Face Possible Legal Action

Approximately 8 pounds of lead was found stuffed inside fish entered into the contest by two men from Pennsylvania and an Ohio.

1_BOATHOUSE

The Boat House Group Announces Merger

The transaction will add two Wisconsin dealerships and several sales, storage and service locations to the group’s portfolio of properties.

1_GLBBS

GLBBS Breaks Ground on Tech Center

The Michigan-based marine trades school will commence construction of a 10,000-square-foot training facility in the second quarter of 2023.