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
Cincinnati, Ohio - Colerain RV, a specialty retailer of recreational vehicles with five dealership and service locations in Ohio, Indiana and Kentucky, has announced the promotion of Wade Stepp to President and Chief Operating Officer, effective immediately.
Stepp joined the company in 2001 and had most recently been acting in the role of executive vice president of operations. Stepp is one of the shareholders of COlerain who re-invested in the business when it was acquired by Kidd & Company, LLC, in January.
"We are very pleased with the progress of Colerain since our acquisition and Wade's leadership has been instrumental in continuing to grow the business and in integrating the Lexington, Kentucky location that was acquired from Northside RVs in January," says Tony Castor, a partner at Kidd & Company and Chairman of the Board of Colerain. "Our financial and management resources are available to him as we work together to continue the company's growth path and strategic expansion. Wade has been a terrific partner and we trust and value his leadership and judgment."
As a 10-plus year automotive industry veteran prior to joining Colerain, Stepp held various operating positions in automotive dealerships. Since joining Colerain as an equity partner in 2001, he has helped lead revenue growth, customer service initiatives and a multi-store expansion strategy that led to the newer Colerain locations in Dayton, Indianapolis, COlumbus and Lexington.
"Wade has been a significant contributor to our management team for the last 15 years and has led our expansion into additional locations," Colerain Executive Vice President Chuck Jung says. "I look forward to continuing to work with Wade in achieving our growth objectives."