The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com.
1. California governor signs marine debris bill
State officials in California can now dispose of any boats found floating, submerged or beached in a public waterway after 10 days if it is determined to be marine debris, The Log newspaper reported.
The new law is designed to make it easier for the state to keep waterways clear, where abandoned boats are becoming a growing problems, officials said.
2. NMMA urges Congress to renew tax provisions
The National Marine Manufacturers Association has signed on to a letter to the U.S. House and Senate, urging lawmakers to renew several tax provisions.
The letter, signed by more than 200 associations and companies, calls on Congress to make permanent, or at a minimum renew for multiple years, a series of provisions that expired in 2014—including bonus depreciation and enhanced section 179 expensing.
3. Consumer sentiment beats expectations
The preliminary reading of consumer sentiment is up, according to the Thomson Reuters/University of Michigan's consumer sentiment index.
The index hit 92.1 for the month, ahead of September's 87.2
4. Survey: Small business owners concerned about business climate, taxes
Sixty-three percent of small business owners think the country is on the wrong track. Sixty-seven percent rate the business climate fair or poor. And nearly two thirds are very concerned about the size and growth of the federal deficit. That's according to a recent survey by the National Federation of Independent Businesses of its members.
5. 4 tools to improve your social media marketing
Social Media Examiner offers four new tools to improve your marketing in its latest article.