Day: April 22, 2020

Northpoint Commerical Finance, MRAA Partner on Dealer Education

The MRAA announced today that Northpoint Commercial Finance has partnered with the organization as an Education Champion. Education Champions agree to support the educational programming that the MRAA delivers to its members by leveraging their industry expertise and resources. Additionally, they help fuel the execution and creation of the Association’s education products through a year-round […]

Tri-State Area Governors Reach Agreement on Reopening Marinas, Boatyards, and Marine Manufacturers

On Saturday, April 18, New York Governor Andrew M. Cuomo, New Jersey Governor Phil Murphy and Connecticut Governor Ned Lamont today announced marinas, boatyards and marine manufacturers will be allowed to open for personal use as long as strict social distancing and sanitation protocols are followed. Chartered watercraft services or rentals will not be allowed, […]

U.S. Senate Passes Deal to Reload Paycheck Protection Program, Sends to House for Consideration

On April 21, The U.S. Senate reached a deal on a $484 billion funding package, to expand the popular Paycheck Protection Program, and increase funding for U.S. health systems, and expand COVID-19 testing and contract tracing capabilities. The funding package will now move to the U.S. House of Representatives, and is expected to receive a […]

Dealers need more relief

As the CARES Act stimulus program was running out of money last week, nearly 60 percent of the boat dealers that responded to MRAA’s research reported that they had applied but had yet to receive their funds.   As noted in an early-April survey, close to 90 percent of boat dealers had already applied or […]