RVIA Economic Impact Study

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 .

Camping World Sells 11.4 Million Shares at $22 Apiece

Mon Oct 10, 2016

145434773794726.pngLet other businesses obsess over millennials.

Being a Gen Xer, even a baby boomer, is OK in the book of one of the Chicago area's newest publicly traded companies.

Lincolnshire-based recreationa vehicle retailer Camping World Holdings, headed by CNBC reality-show entrepreneur Marcus Lemonis, just raised about $250 million in an intial public offering of its stock. Most of the IPO's net proceeds will be used to repay debt.

Camping WOrld says it sold nearly 11.4 million shares at $22 apiece, the midpoint of where it expected to price them. The stock closed Friday at $22.50.

Additional Information: http://www.chicagotribune.com/business/ct-marcus-lemonis-camping-world-ipo-1008-biz-20161007-story.html