The winner will be named at the U.S. Sailboat Show in October.
Jared Mikacich has been a dealership owner, licensed captain and held positions with a number of boating companies.
The 2.99 percent rate puts the state on par with others in the Northeast.
Kaila Kotkiewicz plans to attend SUNY Maritime College this fall.
Cox partnered with QM Systems to assemble the engines in the United Kingdom.