We provide essential leadership to marine sector businesses
by combining the vital market segment and giving a voice that speaks louder than individual entities.
A 2014 study completed by Thomas J. Murray & Associates, Inc. for the Marine Industries Association of South Florida shows the marine industry has an almost $2 billion annual economic impact in Palm Beach County.
The overall increase in marine related sales in Palm Beach County was 101.2 percent over the period. Taken as a region, the Tri-County marine industry sales grew an estimated 36.3 percent between 2010 and 2014. Statewide, gross marine sales grew by 31.3 percent.
During the most recently completed fiscal year (2014), Palm Beach County reported close to $600,000 in sales.
Combined as a region, the Tri-county area represented 51 percent ($2.383 billion) of Florida's gross marine sales during the 2014 fiscal year. For fiscal year 2014, gross retail sales of boat and motor products equaled $4.675 billion statewide--an increase of 31.3 percent since 2010.
For FY 2014, the overall economic impact of the marine industry for the Tri-county srea was as follows: Palm Beach County's marine industry had an estimated impact of $1.883 billion in gross output--an increase of $960 million from 2010, and an associated 18,220 jobs.
The Tri-county marine industry had an estimated economic impact of $11.5 billion in gross output--an increase of $2.6 billion from 2010; including $4 billion in wages and earnings, up from $3 billion in 2010, and an associated 136,000 jobs generated compared to 107,000 in 2010.
The Palm Beach International Boat Show, owned by the Marine Industries Association of Palm Beach County, Inc., takes place over a period of four days in March each year. We are proud to say that the Palm Beach International Boat Show is still among the top ten largest boat shows in the world.
Money earned from show proceeds is directly channeled back into the community. The Marine Industries Association of Palm Beach County makes substantial financial commitments of support to the Marine Industry Education Foundation, Lagoonkeepers, the West Palm Beach Fishing Foundation and its Kid's Fishing Day, the Florida Fishing Academy, the Palm Beach Holiday Boat Parade and others.
MIAPBC and Show Management, producers of the Boat Show, made a $1 million financial contribution to the downtown West Palm Beach Docks. The Boat Show is our way of paying for this new addition to the waterfront that will hopefully continue to draw people to the area.
In Palm Beach County, boating is a way of life for many residents and visitors, especially the 40,000+ registered boaters and 20,000 marine industry workers right here in Palm Beach County. The industry is a vital economic engine to our community.