11/08/2024 | Press release | Distributed by Public on 11/08/2024 00:02
The NMMA and Massachusetts Marine Trade Association (MMTA) released today the results of the first economic contribution study of the Discover Boating New England Boat Show, revealing its substantial impact to the Commonwealth of Massachusetts and the recreational boating industry, and the adverse effects of the show's recent move from its traditional February timeframe to early January.
Conducted by the Recreation Marine Research Center at Michigan State University, the study concluded that restoring the boat show's traditional February dates could substantially boost its economic contribution and is critical to the vitality of the show, resulting in approximately a 32% increase in jobs, 35% more in wages, 31% in additional statewide sales, and a 31% boost in tax revenues.
"The findings from this study reinforce the longevity and success of the New England Boat Show has a direct correlation with dates, and early January dates are not sustainable to the survival of this 70-year tradition," said Jon Pritko, vice president of Northeast Boat Shows for the NMMA. "The revenue generated from the show for the Commonwealth of Massachusetts and recreational boating industry are significant financial impacts and warrant serious consideration for a return of the show to February."
Other important findings in the study include:
Access the study's Executive Summary and full report here.
NMMA and our industry partners continue to work with decision makers and stakeholders, urging the Commonwealth of Massachusetts to consider the significant economic benefits to the Commonwealth and return the New England Boat Show's dates to its traditional February dates.