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 .
Fri Jul 14, 2017
The state of Indiana has been named as one of the top states for business in the United States by CNBC.
The list ranks each state based on metrics in 10 categories including workforce, cost of doing business and access to capital.
Indiana ranks 14th on the list, an increase from 16th the previous year. Among the individual categories, the Hoosier state's best performances are in cost of living (2nd), cost of doing business (2nd) and infrastructure (3rd). In 2016, Indiana was first in cost of doing business and infrastructure.
Elkhart County Economic Development Corporation President and CEO Mark Dobson says that the RV industry plays a major part in getting Indiana to the upper echelons of business in the country, considering that about 85 percent of all RVs are made in Elkhart County.
"I think it's (the RV industry) pivotal, it's key," Dobson says. "Last year, Wall Street 24/7 was looking around the country at job creation and statitics and they found that Elkhart was No. 1 in Indiana and No. 10 in the nation as far as job growth. We're quite proud of what we do up here."
Dobson says that the business environment has been fairly consistent over the past decade, but the boom of the RV industry has helped put the county on the map, so to speak, as an example of how to run businesses and increase the number of jobs for a healthy economy.
"We knew that if we wanted to be a player in the national and international areas, that improving the tax environment and regulatory environment would have to be done," Dobson says. "The national spillover you see in terms of the RV industry that has had explosive growth, this remains a very viable option in terms of expansion and environment. The challenge now is our labor shortage. The RV guys are doing what they need to do and it's a great opportunity for us. With positive news comes a challenge, but it's a good problem to have."