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 .
Tue Dec 20, 2016
President Barack Obama signed the Outdoor Recreation Jobs and Economic Impact Act of 2016 into law this month.
Better known as the REC Act, it directs the Commerce Department’s Bureau of Economic Analysis to assess and analyze the U.S. outdoor recreation economy and its impact on the economy.
RVDA is one of a number of outdoor recreation industry associations to support the bill.
In April 2016, the Secretary of the Interior enacted a temporary pilot program. The REC Act will make sure the outdoor economy receives official government recognition for years to come.
In other news out of Washington, the president also signed the National Park Service Centennial Act, to help maintain the National Park System this month.
This act provides the Park Service with new tools and authorities it can use to maintain and improve the system.
The law will help reduce park service's deferred maintenance backlog by generating new revenue to fund needed capital improvements. Other provisions will help leverage private philanthropic donations, offer enhanced visitor services and expand the Volunteers in Parks program, according to a press release by the RVDA.
The act is the byproduct of bipartisan efforts and diverse stakeholder input, including the American Recreation Coalition.
Additional Information: http://www.rvnews.com/pages/video_library