The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Mon Aug 8, 2016
ELKHART, Indiana — In early 2012, the RV/MH Hall of Fame was on the brink of financial collapse.
At the time, the hall owed $5.5 million and didn’t have enough cash flow to pay off loans. Its board members considered turning over the 85,000-square-foot complex to 1st Source Bank and relocating the hall.
“They were going to go four miles west and open the Hall of Fame in an abandoned Martin’s grocery store,” President of the Hall Darryl Searer says.
Fortunately, that bailout plan was avoided after the hall crafted a strategy to pay off debt owed to families who helped cover the construction of the $8 million Elkhart complex.