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 Monday on BoatingIndustry.com.
1. Miami mayor unveils plan for Miami Marine Stadium
If there was one thing that took away from the visual appeal of this year's Miami International Boat Show, it was the dilapidated, graffiti-covered Miami Marine Stadium.
Now, the stadium may be getting a long-awaited restoration under a plan announced by Miami mayor Tomás Regalado last week.
As reported by the Miami Herald, Regalado announced during his annual State of the City address that he will soon introduce legislation to make sure that revenue generated by the Miami Marine Stadium Park will go toward the stadium. He also plans to include $3 million toward the stadium restoration in the city's 2017 budget.
Regalado credited the success of the Miami International Boat Show as being a key catalyst for the restoration of the stadium.
2. Registration open for U.S. Pavilion at METS
The National Marine Manufacturers Association is now accepting applications to exhibit in the U.S. Pavilion at METS 2016 in Amsterdam.
A limited number of booths are available for new exhibitors. Priority and beneficial pricing will be given to NMMA members. Applications are accepted on a first come basis and must meet the show’s Entry Committee approval to qualify.
3. Zacks downgrades Malibu, MasterCraft stocks
Zacks Investment Research is not too bullish on the stocks of two of the leading towboat manufacturers.
The company downgraded Malibu Boats from hold to sell, and made the same move on MasterCraft's stock.
4. Blue Ribbon Panel recommends steps for preserving endangered species
The Blue Ribbon Panel on Sustaining America’s Diverse Fish & Wildlife Resources, which includes several representatives of the boating and fishing industries, has determined that utilizing a portion of revenues from energy and mineral development on federal lands and waters to fund state-based conservation could address conservation needs for thousands of species. An annual investment of $1.3 billion from these development revenues into the currently unfunded Wildlife Conservation Restoration Program would allow state fish and wildlife agencies to proactively manage these species reducing taxpayer costs and the regulatory red tape that comes when species are listed under the federal Endangered Species Act, the panel said.
5. Getting email marketing right in the mobile era
The rise of mobile has changed the way email marketing works. Marketing Profs has some advice on improving your mobile outreach.
Thanks for the shout out on our USA Pavilion at METS. It's one of the best industry B2B trade shows for our industry and a must attend for any applicable company with a global focus.