Correct Craft CEO Bill Yeargin wrote an op-ed, published in Florida’s Sun-Sentinel newspaper, applauding actions the government has taken to bolster the marine industry.
Yeargin said “pro-business, pro-boating legislation,” such as the Modern Fish Act, has furthered the industry’s ability to be globally competitive.
The industry also is encouraged by one of Florida Gov. Ron DeSantis’ first acts, Yeargin wrote. DeSantis signed an executive order promising $2.5 billion for Everglades restoration and the establishment of a task force to combat algae blooms.
“Both issues are top priorities of the recreational boating community,” Yeargin wrote. “Environmental protection has a direct effect on our industry’s success, and we stand ready to help the governor with these critical initiatives.”
Yeargin pointed to the 700 people Correct Craft employs in Florida and the additional 700 people the company employs around the country. The boating industry contributed $170.3 billion to the U.S. economy last year and supported more than 35,000 marine businesses, noted Yeargin.
The outlook for 2019 is positive, and marine manufacturers expect another increase in powerboat sales.
“But we can't neglect that the ongoing trade tensions put a strain on the boating industry,” Yeargin cautioned. “Though recreational-boat building is overwhelmingly American — with more than 95 percent of boats sold in the U.S. made here — tariffs and trade wars disrupt global supply chains and can result in higher production costs. I encourage the Trump Administration to work hard to close the deal on trade negotiations.”