Current and Future Boating Research Projects

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Current and Future Boating Research Projects
Recreational Marine Research Center Ed
Mahoney Michigan State University Jim
Petru NMMA
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NMBAs Annual Survey
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REMINDERS Completed or You Tell Us You Wont Do
it!
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NMBA Annual Survey Respondents
Where in the World is Jim Coburn?
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Marine Finance Research

• Greater participation in NMBAs Annual Survey
• Redesign Complete the MBLO Finance Quarterly
  Survey
• Develop a Quarterly Marine Loan Monitoring System
  and Index
• Cost of boating index
• Research on Marine Loan Customers

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Recreational Boating Research Network
Spring/Summer 04
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PFD Survey- Summer 04
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Would you support or oppose a requirement that
adult boaters wear life jackets while underway in
all boats?
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Please, indicate why you would support or oppose
a requirement that adult boaters wear life
jackets while underway in all boats
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Do you regularly wear a life jacket while
operating a boat?
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Executive Compensation Survey Fall 04
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Boating Trip Spending Survey Summer/Fall 04
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The Economic Impacts of a Marine - Summer 04
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Economic Impacts of Tower Marine of the Local
Community
Ed Mahoney and Dan Stynes Recreation Marine
Research Center Michigan State University
Funding provided by the Great lakes Commission,
MBIA
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Number of Boats and Boat Days at Tower Marina
Note Tower Marina, located in Saugatuck,
Michigan, had 395 occupied slips during the
summer of 2004.

• 395 boats in slips
• Boat days from a 04 survey of 6,000
  boaters
• 15,000 boating days

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Average Annual Craft Expenses for Boats Kept at
Tower Marina
Note These are the average slip rates for
different size boats charged by Tower Marin in
04

• Average craft spending profiles from a 04
  survey of 6,000 boaters

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Total Trip Spending for Boats Kept at Tower
Marina ( Thousands)

• Average trip spending profiles from a 04 survey
  of 7,000 boat trips.
• Boaters at Tower Marine spent 2.854 million on
  trips.

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Total Craft Expenses for Boats Kept at Tower
Marina ( Thousands)

• Boaters at Tower Marine spend 2.85 million on
  craft spending in 04

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Summary of Boating Activity and Spending for
Boats Kept at Tower Marina

• Boaters at Tower Marine spend a total of
  5.709 million on trips and craft spending in
  04.

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Local Economic Impacts of Trip Spending for
Boats Kept at Tower Marina
Note Economic Impacts are on the Allegan County,
MI economy.

• The direct and secondary (multiplier) effects of
  trip spending by boaters at Tower Marine on the
  County are 46 jobs, 829,000 in personal income
  and 954,000 in profits and rents (value added).

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Local Economic Impacts of Craft Expenses for
Boats Kept at Tower Marina
Note Economic Impacts are on the Allegan County,
MI economy.

• The direct and secondary (multiplier) effects of
  craft related spending by boaters at Tower
  Marine on the County are 56 jobs, 1.1 million in
  personal income and 1.958 million in profits and
  rents (value added).

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Total Local Economic Impacts of Craft Expenses
for Boats Kept at Tower Marina

• The direct and secondary (multiplier) effects of
  all spending by boaters at Tower Marine on the
  County are 102 jobs, 1.941 million in personal
  income and 2.912 million in profits and rents
  (value added).

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The Economic Impacts of Boating in Great Lakes
States - Summer 04
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Average Trip Spending by Segments ( Per boat per
day).
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Average Annual Craft Spending by Segment ( Per
Boat).
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Total Trip Spending of Registered Watercraft in
Gt. Lakes States ( millions)
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Total Trip Spending of Registered Watercraft in
Gt. Lakes States ( millions)
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Economic Impacts of Craft Related Spending for
Registered Boats in Great Lakes States
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Economic Impacts of Boating in Great Lakes States
Direct effects Direct effects are the changes in
sales, income and jobs in those business or
agencies that directly receive the boater
spending. Jobs The number of jobs in the
region supported by the boater spending. Job
estimates are not full time equivalents, but
include part time and seasonal positions. Four
seasonal jobs for three months each counts as one
job on an annual basis, whether part time or
full time. Personal income Wage and salary
income, sole proprietors income and employee
benefits. Value added Personal income plus
rents and profits and indirect business taxes. As
the name implies, it is the value added by the
region to the final good or service being
produced. It can also be defined as the final
price of the good or service minus the costs of
all of the non-labor inputs to production. Value
added is the best measure of the contribution of
an industry or region to gross state or national
product.
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Total Effects (Direct, Indirect and Induced)
Secondary effects Secondary effects are the
changes in the economic activity in the region
that result from the re-circulation of the money
spent by boaters. Jobs The number of jobs in
the region supported by the boater spending. Job
estimates are not full time equivalents, but
include part time and seasonal positions. Four
seasonal jobs for three months each counts as one
job on an annual basis, whether part time or
full time. Personal income Wage and salary
income, sole proprietors income and employee
benefits. Value added Personal income plus
rents and profits and indirect business taxes. As
the name implies, it is the value added by the
region to the final good or service being
produced. It can also be defined as the final
price of the good or service minus the costs of
all of the non-labor inputs to production. Value
added is the best measure of the contribution of
an industry or region to gross state or national
product.
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Percentage of Powerboats Manufactured in the
Great Lakes State that are sold in Great Lakes
States, (N91).
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The Name, State, Zip code and MIC of the
Manufacturers Currently Producing Boats in the
Great Lakes States
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The Impacts of Fuel Prices on Boating - Summer
04
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The month and length of the last boating trip on
which respondents purchased fuel.
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Type and size of boats used on the last trips on
which fuel was purchased.
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Number of gallons of diesel and gasoline purchased
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Number of gallons of diesel and gasoline purchased
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Average purchases of gasoline and diesel
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Impact of Fuel Prices in Boating Activity
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Recreational Boating Research Stakeholders
Meeting - Fall 04
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