News

Final call for 2021 Boating Industry Top 100 applications

Boating Industry Top 100 logo

Yesterday, July 26, was the last "official" day to apply for the 2021 Boating Industry Top 100 Dealers program, recognizing the best boat dealers in North America. However, because of the extraordinary operating environment that still exists, extensions may be granted on a case-by-case basis for dealers still interested in applying or needing some additional time to complete their 2021 ...

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NMMA joins business groups in support of bipartisan infrastructure framework

NMMA and more than 120 manufacturing organizations representing businesses across the nation recently sent a letter urging members of Congress to pass President Biden’s Bipartisan Infrastructure Proposal. In addition to NMMA, the letter was signed by National Association of Manufacturers, National Association of Trailer Manufacturers, and the Outdoor Power Equipment Institute. “A comprehensive and inclusive infrastructure package is critical to ...

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OneWater Marine signs agreement to acquire PartsVu

OneWater Marine Inc. announced it has signed a definitive agreement to acquire the assets of PartsVu, an online marketplace for OEM marine parts, electronics and accessories. The acquisition significantly expands the company’s presence in the marine parts and accessories sector, while helping to reduce exposure to the cyclicality of boat sales. PartsVu generated approximately $25 million in sales over the ...

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National Marine Lenders Association releases Annual Statistical Report

The National Marine Lenders Association (NMLA) just released the 41st consecutive Annual Statistical Report.  This is the only comprehensive report of recreational marine financing data in the U.S. and provides lenders with trends and data to understand, build and maintain quality marine lending portfolios. The survey produces two distinct business line reports: 1) for banks, credit unions, thrifts and private lenders ...

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MRAA reminds dealers to apply for PPP loan forgiveness if eligible

PPP loans provided a major relief to small businesses during the COVID-19 pandemic, giving businesses additional funds for payroll and other expenses. To further reduce the burden on small businesses, the loans, if used correctly, may be forgiven altogether. “We want to remind our members and others in the marine industry to, if eligible, apply for PPP Loan forgiveness,” said ...

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RBFF and DICK’s Sporting Goods host female anglers to encourage participation

Women continue to hit the water in droves with female angler participation at 19.7 million in 2020 – an all-time high. To continue evolving the fishing and boating community into a more inclusive space, the Recreational Boating & Fishing Foundation (RBFF)’s Take Me Fishing campaign partnered with DICK’S Sporting Goods to host a group of influencers on a two-day outdoor excursion prior to ICAST ...

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Merritt Precision Technologies celebrates safety milestone

Merritt Precision Technologies, part of Correct Craft’s separate innovation company, Watershed Innovation, celebrated 1750 days without a lost-time accident in their Tennessee location. From new hires to those who have been working at the facility for over 20 years, there is a deep culture of safety. This milestone was achieved because of the team’s intentional efforts. Each week the team meets ...

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Massachusetts Marine Trades Association workforce solutions amendment passes

Massachusetts Governor Charlie Baker signed the 2022 state budget, which included $150,000 in funding for workforce development and career technical education initiatives within the recreational boating industry. This funding will continue the progress the Massachusetts Marine Trades Association (MMTA) has made to meet the workforce challenges within the industry. The funds were introduced via Budget Amendments sponsored in the House by ...

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The Manufacturing Institute recognizes Volvo Penta’s Susan Bonivich

Susan Bonivich

The Manufacturing Institute has named Susan Bonivich, director of dealer development for Volvo Penta of the Americas, as one of the top women in U.S. manufacturing for 2021 with its prestigious STEP Ahead Award. Celebrating women in science, technology, engineering and production (STEP), the Institute’s STEP Ahead Awards honor women who have demonstrated excellence and leadership in their careers in all levels of ...

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ABYC Foundation’s virtual Educator Training Conference underway

ABYC Educator Training Conference logo

Over 100 educators and marine industry professionals representing 24 states, Canada, Bermuda, Germany, and the British Virgin Islands, logged in yesterday morning to participate in the ABYC Foundation’s second Educator Training Conference (ETC), which continues today. Participants will spend the time online to discuss best practices for teaching marine service technology at secondary and post-secondary schools. Registration remains open. Those ...

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