Calculating and understanding Your Marina's Economic Impact and How This Can Benefit You
Thinking about expanding your marina or boatyard? In this session you will learn how to use a powerful tool to calculate the current economic impact of your marina as well as the economic impact of any planned expansion. Quantifying and understanding your marina’s economic impact will help you advocate for your business when seeking licensing and permitting for expansion. AMI worked with the University of Florida and the Virginia Institute of Marine Sciences to develop this calculator. Gather your financials and input revenues from different streams to calculate your impact on the regional economy including total economic output ($), total number of supported jobs, and business taxes generated at local, state, and federal levels.
In this session we will examine the marina industry at a national scale, looking at total employment numbers and output dollars, as well as drilling down into the data of the states that are the largest contributors to the marina industry.
Eric Kretsch, AMI Legislative Coordinator
Eric Kretsch is the US Legislative Coordinator for the Association of Marina Industries (AMI) located in Warren, RI. He has held this position since September 2016 and primarily works on AMI’s Legislative priorities in Washington DC with industry partners and AMI’s contracted lobbyist, LobbyIt. Eric, also coordinates AMI’s economic data collection, analysis, and reporting, including the recent Marina Economic Impact Study and Industry Financial Benchmark Report.
Eric has experience speaking at AMI’s International Marina and Boatyard Conference (IBMC) and the Marina Association of Texas (MAT). While at the University of Rhode Island to obtain a graduate degree in Coastal and Marine Policy, Eric worked closely with Dennis Nixon teaching Introduction to Marine and Coastal Law. His graduate research lead him to present at the National Academy of Sciences in Washington DC. Recently, Eric spoke at the International Boatbuilders’ Expo and Conference and the Wisconsin Marine Associations annual conference.