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Boating Industry Unveils Ground-Breaking Device to Measure Economic Impact of Marinas

Friday, July 6, 2007

By illustrating the economic value of marinas and boating access facilities to communities, the Tool provides economic justification for the need to preserve and promote marina development versus alternative non-water dependent uses. Several organizations within the U.S. recreational boating industry unveiled today the Online Boating Economic Impact Tool, the nation’s only web-based means for estimating the economic impact of marinas across the country. An interactive system designed to understand boater spending and provide estimates of the overall economic impact existing and planned marinas can have on a local, regional and national level, the Tool can also be used to estimate the impact of the potential loss of marinas. The Recreational Marine Research Center (RMRC) developed and maintains the Tool on behalf of the Association of Marina Industries (AMI), Great Lakes Commission (GLC), National Marine Manufacturers Association (NMMA) and the United States Coast Guard (USCG). It can be accessed at no charge at www.MarinaEconomics.com. "For the very first time, this innovative tool allows marinas across the country to produce information that verifies their direct and indirect economic impact,” said Dr. Ed Mahoney , Director of RMRC. “In addition to the organizations and agencies involved, more than 800 marina operators and 10,000 recreational boaters contributed their time to provide the data required to develop the tool’s economic models.” The Tool was designed to be convenient and easy to use so visitors to the site can immediately obtain information about specific marinas or groupings of marinas (e.g. in a harbor) such as estimates on boater spending and associated economic impact. It can also be used to estimate the economic impact of boat access/launch sites, and all registered powerboats and sailboats in a designated region. What’s more, the Tool estimates local impacts such as jobs, sales, income and the added value associated with the ownership (e.g. craft spending) and use (e.g. trip spending) of different types of recreational boats, to produce a customized report.

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