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 .

Lippert Components Could Face Loss of Tax Benefits

Thu Jun 8, 2017

GOSHEN, Indiana — After failing to make good on a promise to create hundreds of new local jobs, local manufacturer Lippert Components could be facing a loss of tax phase-in benefits related to several of its Goshen properties, city officials say. Lippert is a leading supplier of components to the recreational vehicle and residential housing industries, as well as adjacent industries including bus, cargo and equestrian trailer, marine and heavy truck.

According to Goshen Mayor Jeremy Stutsman, who spoke on the topic during a meeting of the Goshen City Council Tuesday, the council, back in 2013, awarded Lippert a seven-year tax phase-in connected to expansion plans for its properties at 2703 College Ave., 1701 Century Drive and 2475 Kercher Road, according to a story by The Goshen News.

A tax phase-in is a partial or temporary exemption of a company from having to pay property taxes with the express purpose of stimulating economic development. In Lippert’s case, the approved tax phase-in was projected to save the company about $484,000 over the course of the seven-year agreement.

Lippert officials at the time indicated they would be adding new manufacturing equipment, painting equipment, lathes and dust collectors at the three Goshen properties at a cost of about $10 million, resulting in the creation of up to 376 new jobs within the first few years of the agreement.

Additional Information: http://www.goshennews.com/news/local_news/lippert-facing-tax-phase-in-noncompliance-hearing/article_d4a0669f-103b-54ec-b588-7ced730d7ba0.html