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 .

Northwest Indiana Economy On Top of Roller Coaster Ride

Tue Apr 4, 2017

It’s been a wild ride for Elkhart County workers since The Great Recession.

In 2007, the RV shipments took a 9 percent downturn, but the dip didn't seem to indicate the trouble to come, according to a business column by Roger Schneider of The Goshen News.

Then the banking crisis dropped from the sky in 2008 and fell heavily on the industry. RV shipments fell 32.9 percent in 2008 and then dropped another 30.1 percent in 2009. Layoffs at local factories abounded.

However, in 2017, things have changed drastically for the better in Elkhart County. In February, local unemployment was just 3.3 percent. Several companies, such as Universal Trailer Corp. and Genesis Products, which manufacture and supply, respectively, for the RV industry, both have announced and broken ground on new facilities, while Forest River has announced four new plants. All of the new facilities are expected to create hundreds of jobs. However, that's where the problems could come from. With the unemployment rate under 5 percent, qualified workers looking for jobs are simply in short supply.

Additional Information: http://www.goshennews.com/_/blogs/news_blogs/blogspot-local-economy-is-extraordinary/article_a92db122-3d1c-5e35-bb58-615e895f938f.html