Industry funding of Grow Boating expands
CHICAGO – In a move to bolster the Grow Boating Initiative’s Marine Industry Dealership Certification program, the Southern California Marine Association has agreed to reimburse each SCMA member $500 upon completion of the certification process, while the Marine Industry Association of Central Florida has passed a motion to pay $150 toward the certification fee of the first five dealer members to go through the process.
In addition, 3M recently became the largest single contributor to the Grow Boating Initiative’s Rising Tide Fund, with a $110,000 donation announced just prior to the start of the 65th Miami International Boat Show.
Established beginning in 2006, the Rising Tide Fund is a means by which industry stakeholders can pledge voluntary contributions at varying levels of commitment to the Grow Boating Initiative. The pledge commitment lasts for three years and can be made at the following levels: Participant ($1-$99); Bronze ($1,000-$4,999); Silver ($5,000-$9,999); Gold ($10,000-$24,999); Platinum ($25,000-$49,999); Double Platinum ($50,000-$74,000); and Triple Platinum ($75,000-$99,999).
3M has the special distinction of reaching the Quadruple Platinum level with its $110,000 contribution.
In addition to 3M, 14 companies have contributed thus far to the Rising Tide Fund. They include: Accon Marine Inc.; Bank of America; Commercial Products International Inc.; E.S. Ritchie & Sons; ITW Philadelphia Resins Corp.; Kropf Industrial Inc.; Michigan Boating Industry Association; Professional BoatBuilder magazine; Raritan Engineering Co. Inc.; Raymarine Inc.; Shakespeare Electronic Products; Sumerset Acquisitions LLC; The Astrup Co.; and Weems & Plath.
- For more of the latest news, click here.