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 .
Wed Nov 1, 2017
Author: Scott Hansen
Acquisitions can be full of hurdles and challenges, as two companies attempt to merge new ways of processes and procedures into one whole.
Companies don't make these decisions lightly. They come after months of discussion, introspection and work. For Progressive Industries, the April acquisition by Power Products has yielded multiple product improvements for a clear path to even greener pastures ahead.
Progressive Industries' Operations Manager Joe Casale says the transition was one that took much time to accomplish, but the results are already showing after only six months.
"The transition has been great. We've made nothing but improvements to our products and facilities, our production and our marketing," Casale says. "There have been a lot of efforts that come along with a merger, but everything has been successful and it's been great for us, especially now with a company that has a lot of resources."
The most difficult part of the transition was adopting a new philosophy of a larger company, Casale says. The adjustment from what was a "mom and pop company" to a major corporation has affected the way Progressive Industries operates from the design to the execution of new products, he says.
"It's just been a matter of getting it rolling in the right direction and understanding what's made our company successful to this point," he says. "We now have a roadmap to some pretty great products."
Casale says the transition allowed him to return to his roots of product design and creation, something he is excited about.
"My background is in design and I'm really excited about the new product opportunities," Casale says. "I've been here for four years and have redesigned four of our major products in that time. I think we will be able to utilize some excellent corporate resources to improve everything from product development and distribution, sales and all of the elements that we've done before. I think we're going to continue to grow."
Two of the products that Casale redesigned are the EMS-PT30X and PT50X, the newest in the company's line of portable surge protectors. The line helps protect against voltage fluctuations, power surges and incorrectly-wired shore power which can cause expensive damage to RV appliances and electronics.
Other design improvements on the new products included:
• All-weather shield assembly
• Secure locking bracket
• Built-in scrolling digital display
• A new pull handle
Casale says the two new products have been well received by dealers and customers alike saying the demand, combined with the success of the previous models, has made it a desirable product. He says production has been steady since the beginning of the year.
The company will be displaying its new portable surge protectors at the National RV Show in Louisville, Kentucky, along with several other products.