Progressive Insurance Miami International Boat Show Announces $597M Economic Impact

Progressive Insurance Miami International Boat Show Announces $597M Economic Impact

Progressive Insurance Miami International Boat Show Announces $597M Economic ImpactThe 2014 Progressive Insurance Miami International Boat Show took place in Miami Beach Feb. 13-17, bringing more than 3,000 boats and 2,000 exhibitors from across the globe to three locations – Miami Beach Convention Center, Sea Isle Marina & Yachting Center, and Miamarina at Bayside.

The show last year generated an economic output of $597 million in Florida as a result of out-of-state purchases and expenditures at the show and supported 6,592 full-time jobs, according to an economic impact analysis released by the National Marine Manufacturers Association (NMMA). The 2013 Miami International Boat Show took place Feb. 14-18, attracting 102,118 visitors from around the world. This is the first study ofits kind in nearly a decade.

Prepared by Thomas J. Murray & Associates, Inc., the study assessed the economic impact of the annual five-day event on Miami-Dade, Broward, and Palm Beach counties, as well as the state of Florida. Total estimated sales by Florida companies during the 2013 Miami International Boat Show reached $312.2 million, and total excise and sales tax generated within Florida as a result of the show was $30.4 million.

“The results of the new study illustrate the show’s significant impact not only on South Florida’s local economy but to the entire state and recreational boating industry,” said Cathy Rick-Joule, show manager and vice president, NMMA. “The Progressive Insurance Miami International Boat Show continues to be a mainstay for dealers and manufacturers, which enables them to showcase their products before an international audience of serious buyers. It is one of the world’s premier boating events – a barometer for annual boat sales, a gathering of the newest and best products in recreational boating, and boost to our economy.”

OTHER KEY FINDINGS OF THE 2013 STUDY
• Statewide in Florida, labor income impacts of $216.6 million were associated with the economic activity stemming from the boat show.
• 35% of boat show visitors were from outside of Florida.
• The average expenditure by out-oftown visitors (hotels, restaurants, retail spending, local transportation, etc.) at the show was $225.50 per day; while foreign attendees expended $302.69 per day. Such visitor expenditures totaled an estimated $63.6 million.
• 33% of exhibitors were Dade, Broward or Palm Beach county companies.
• 35% of exhibitors were from outside of Florida.
• Exhibitors expended $18.9 million on local goods and services, such as hotels, restaurants, retail and local transportation.

Such expenditures were the beginning of economic impacts throughout the county, the region and state.

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The 3rd Annual South Beach Seafood Festival, presented by Hess Wines and hosted by Coca-Cola, will hit the sands of South Beach October 21-24, 2015, with the main festival to be held Saturday, October 24 from 1-9PM at 7th and Ocean Drive in Lummus Park. Events will be happening all week to showcase the great local culinary talent of Miami and Miami Beach and kick off Miami’s favorite season, Stone Crab Season. Events will be happening all week to showcase the great local culinary talent of Miami and Miami Beach and kick off Miami’s favorite season, Stone Crab Season. Events will begin on Wednesday night with the Hess Select Wine Pairing Evening at Joe’s Stone Crab, Thursday night is the GOYA Foods’s Cooking & Cocktails Interactive Dinner, hosted by STOLI, the Vodka, Friday night is the annual Chef Showdown, sponsored by Range Rover, Whole Foods, & Bacardi, and Saturday features the all-day South Beach Seafood Festival. In addition to promoting all the local culinary talent in the area, the event benefits Community Initiatives Foundation in support of the EAT SMART Campaign to fight against childhood hunger, childhood obesity, and assisting the community to find the perfect balance through nutritional awareness & individual development in Miami Dade County. The festival is proud to announce the current participating restaurants at this year’s Main Event, the Saturday All Day Festival. What makes us unique? These top Miami restaurants and chefs will pop up mini café’s on the sand to create not a sampling event, but an EATING Paradise with over 50 Menu Items for seafoodies to choose from and indulge for ONE Day Only. This year’s participating restaurants at the Saturday October 24th festival include Joe’s Stone Crabs, Naked Taco, Red, the Steakhouse, Smith & Wollensky, Red Fish Grill, CJs Crab Shack, Drunken Dragon, A Fish Called Avalon, Oceanaire, City Hall the Restaurant, CIBO, Tarpon Bend, Poseidon, and Whole Foods. Guests will dive in to items like Stone Crabs, Lobster Waffle Cones, Steak & Lobster Skewers, Shrimp Tacos, Oysters, Shrimp Cocktail, Gyros, Crab Cakes, Grouper in a Bag, Lobster Mac ‘N Cheese and more. These delicious menu items are available for guests between $5-$10. Thousands will flock to the sands of SoBe on October 24th to experience these seasonal selections of Miami’s top chefs and restaurants. The festival also features live music, culinary and mixology demonstrations, a kids zone, health village, and VIP hospitality benefits for the all access guests. There is fun for all ages with countless interactive zones, retail villages, and more. Festival major sponsors include title sponsor, Hess Select Wines, supporting title sponsors, Premier Beverage, Bacardi, Stoli the Vodka, and Herradura, presenting sponsors Coca-Cola, GOYA, Range Rover and the Warren Henry Automotive Group, and hosting sponsors Heineken Light and Whole Foods Market, among others. For a limited time- EARLY BITE Tickets start at $25 Festival Access. This year, ALL Festival Access tickets include complimentary all day open bar*. For more information & to purchase tickets, please visit sobeseafoodfest.com, follow us @SobeSeafoodFeston Facebook, Twitter, or Instagram. Check out our #SobeSeafood! To celebrate this announcement, Sobe Seafood Fest in partnership with Guerra Marketing is launching a giveaway contest valued at $3,800. Get ready to enter to win the: CHEF STONEY’S #AREYOUSHUCKINGME VIP EXPERIENCE, which includes package tickets for the VIP tickets for the weekend events, a 2 night stay at the W Hotel South Beach, restaurant certificates, Hess Wine gift baskets, beach lounges, Boucher Brothers Management jetski rides, cooking classes, and more.

3rd Annual South Beach Seafood Festival returns

The 3rd Annual South Beach Seafood Festival, presented by Hess Wines and hosted by Coca-Cola, ...