Apply for the 2021 MRAA Educational Foundation Scholarships

Prepare your dealership for 2021 success now.  Let the MRAA Educational Foundation Scholarships help you with the professional development of your employees through scholarships.

Increase Technical skills:  
Marine Trade Association Technical Scholarship
    
Improve Leadership capabilities:
Kevin Lodder Scholarship
Duane Spader Leadership Development Scholarship  

Nominate or apply for these scholarships by January 6 to make 2021 a year to remember.  Investing time in professional development benefits you, your dealership, your employees, and strengthens the future of boating.

The MRAA Educational Foundation was established to provide financial support for education, training, and professional development in the recreational marine trades.

The deadline for all scholarship applications is January 6 – visit MarineEdFoundation.org

Questions? Contact Natalie Carlson at natalie@mraa.com or 512-940-4156

Breakthrough in Stimulus Negotiations Yields Bipartisan Proposal

After weeks of negotiations, the top four congressional leaders are looking like they could unveil a COVID-19 relief package later today, the most significant breakthrough in nearly eight months since the CARES Act was passed.

This package would include several items important to the Marine Retailers Association of the Americas membership and the marine industry across the United States, including allowing forgiven PPP funding to be tax deductible, creating a second round of the Paycheck Protection Program for small businesses, expanding Economic Injury Disaster Loan grants, and making 501(c)(6) nonprofits eligible to apply for PPP.

Speaker Nancy Pelosi (D-CA), Senate Minority Leader Chuck Schumer (D-NY), Senate Majority Leader Mitch McConnell (R-KY), and House Minority Leader Kevin McCarthy (R-CA) met for several hours Tuesday night with Treasury Secretary Steven Mnuchin to hammer out some outstanding disagreements, making meaningful progress on a final package.

There is a light of optimism that a package will be passed, with leaders making their most positive remarks in months.

“We’re making significant progress and I’m optimistic that we’re going to be able to complete an understanding sometime soon,” McConnell said as he left the Capitol on Wednesday. “Everybody wants to get a final agreement as soon as possible.”

Minority Leader Schumer echoed that sentiment separately, noting that “We are close to an agreement. It’s not a done deal yet, but we are very close.”

Discussions are still underway for the nearly $900 billion package as of the writing of this article, with negotiators aiming to have a finalized agreement passed alongside Congress’s must-pass $1.4 trillion omnibus funding bill on Friday. Republican and Democratic leadership have pledged that Congress will not leave for the holidays without passing another package.

The package is projected to include extensions of current unemployment assistance for 16 weeks with weekly $300 payments, $16 billion for vaccine distribution and tracing, and $127 billion for schools and transportation.

The major points of contention – state and local funding, and business liability protections – are intentionally excluded from this package, ensuring a smoother passage of this emergency rescue package while simultaneously teeing-up a heated debate early in the next congress.

Congress Passes Bipartisan Water Infrastructure Package

On Tuesday, the U.S. House of Representatives unanimously passed the Water Resources Development Act of 2020, including a number of priorities for the recreational boating industry. The package is expected to pass the U.S. Senate in before the end of the month.

“Boating and fishing was the most popular outdoor recreation activity in the nation this year, and will continue to grow thanks to the smart investments made in WRDA 2020,” said Adam Fortier-Brown, government relations manager at the Marine Retailers Association of the Americas. “It is critical that Congress continue to advance this package, and take meaningful steps to maintain our nation’s fisheries and marine habitats, and to address coastal erosion and increased flooding. The MRAA applauds the U.S. House of Representatives for their passage of this key legislation.”

The Water Resources Development Act, passed every two years, authorizes funding for U.S. Army Corps of Engineers projects across the nation, including maintaining navigability of inland waterways, and addressing the threat and spread of aquatic invasive species. Funding will also safeguard the health of America’s fisheries and marine habitat, and increase the use of natural infrastructure, such as reefs, to improve fish and wildlife habitats and prevent increased flooding and coastal erosion.

“Investing in our country’s water infrastructure needs will provide significant economic benefits to local and coastal communities and the recreational boating community applauds the U.S. House of Representatives for passing legislation that addresses this critical issue,” said Callie Hoyt, director of federal government relations at the National Marine Manufacturers Association. “The outdoor recreation industry – which counts boating and fishing as the top contributor – has played an important role in aiding our economy throughout the pandemic and the Water Resources Development Act (WRDA) will help continue this trend in the days of recovery ahead.”

“Throughout 2020, it become increasingly apparent that Americans deeply value opportunities to get out on the water,” said Mike Leonard, vice president of Government Affairs for the American Sportfishing Association. “However, a day on the water with family and friends and the associated economic impacts are threatened by poor water quality, invasive species and outdated infrastructure. Thankfully, WRDA 2020 takes meaningful steps to address these challenges.”

“The Water Resources Development Act of 2020 is essential to marina business, providing authorization for studies and projects that improve our nation’s waterways and protect our businesses from flooding,” said Eric Kretsch, legislative coordinator for the Association of Marina Industries. “AMI members applaud the House passage of the bill and look forward to working with Congress to get this over the finish line.”

Other projects of particular importance to our industry include:

Harbor Maintenance
•    Authorizes $2 billion in additional funds annually for harbor maintenance through the Harbor Maintenance Trust Fund. This results in $3.5 billion to $4.0 billion in annual expenditures for port maintenance following passage of WRDA.
•    More evenly allocates funding for U.S. harbor maintenance among commercial seaports, harbors, emerging harbors, and energy-transfer ports.

Building More Resilient Infrastructure
•    Directs the Department of Transportation to finalize procedures to ensure development projects will maximize sustainable development, protect and restore the functions of natural systems, and address the needs of disadvantaged communities.
•    Allows the U.S. Army Corps of Engineers to calculate sea level rise and consider the effects of it on Corps projects
•    Authorizes the Corps to study, design, and construct water resources projects for communities facing repetitive flooding events, including constructing temporary barriers.
•    Requires the Corps to assess and update the environmental and economic impacts of projects before carrying them out
•    Allows natural infrastructure is given the same consideration as structural alternatives, and allows nature and nature-based projects to be eligible for Corps programs.

Aquatic Invasive Species
•    Creates a demonstration program to help detect, treat, and prevent harmful algal blooms that negatively impact fisheries and boating access throughout the country.
•    Supports efforts to block and manage aquatic invasive species by authorizing the Brandon Road Lock and Dam to help block the spread of Asian Carp to the Great Lakes; expand the Corps Aquatic Invasive Species Research Program; Increased funding and scope of watercraft inspection stations to help prevent the spread of aquatic invasive species; establish an Asian Carp Prevention Pilot Program and dedicate additional resources to fight the spread of Asian Carp in the Mississippi and Ohio River basins

Everglades Restoration
•    Prioritizes the construction of the Everglades Agricultural Area Reservoir
•    Authorizes the Loxahatchee River Watershed Restoration Project
•    Prioritizes feasibility studies and planning / design for the C-111 and Lake Okeechobee and Western Everglades projects, and requiring the consideration of impacts to coastal estuaries in the Lake Okeechobee Regulation Schedule review
•    Addresses the risk of aquatic invasive species control and prevention in South Florida

A full summary of the package can be found here.


About the Marine Retailers Association of the Americas

At the Marine Retailers Association of the Americas, we believe that for the marine industry to thrive, the retail organizations that interact with the boaters in their community must thrive. With that in mind, MRAA works to create a strong and healthy boating industry by uniting those retailers, providing them with opportunities for improvement and growth, and representing them with a powerful voice. For more information, visit MRAA.com or contact us at 763-315-8043.

Kristen Frohnhoefer Named Darlene Briggs Woman of the Year

Kristen Frohnhoefer, President of Sea Tow Services International Inc. has been selected as the recipient of the thirty-four annual Darlene Briggs Marine Woman of the Year Award. The award was presented to Kristen by the 2019 award recipient, Sara Anghel, on Wedneday, Dec. 9, during the Marine Retailers Association of the Americas Awards Celebration.

Part of the founding family of Sea Tow, Frohnhoefer grew up working at Sea Tow. She returned in a fulltime capacity to Sea Tow in 2003 after receiving a Masters in Education from Johns Hopkins University. Kristen worked in or supervised nearly every department, learning the business and expanding her skill set in ever-increasing roles until she became President in 2015. As President, Frohnhoefer is responsible for overseeing all internal operations such as the membership program, finance, marketing, sales, the technology infrastructure and the call center that supports the nationwide network. She also serves as President of the Board of Directors of the Sea Tow Foundation, the 501c3 non-profit, that promotes safe boating practices.

“Kristen has demonstrated an encouraging and inspiring spirit for women in the marine industry,” said Natalie Briggs Carlson, executive director of the MRAA Educational Foundation. “Her ability to bring fresh and successful ideas to the industry and serve as a leader to all made her the perfect recipient for the 2020 Darlene Briggs Marine Woman of the Year Award.”

The Darlene Briggs Marine Woman of the Year Award is named after the late Darlene Briggs of Wayzata, Minn., who was admired for her tireless dedication to the marine industry. The MRAA Educational Foundation and Boating Industry magazine together present the award to honor her memory. It is offered annually to an outstanding woman who is actively involved in the marine industry at any level. It recognizes long and devoted service, untiring commitment, and the advancement of women in the marine business. The recipient receives an award and a check for $500 to be used for her professional development.

“I have always admired the accomplished women who have been recognized as the Darlene Briggs Marine Woman of the Year and am honored and humbled to be recognized amongst them,” Frohnhoefer said. “It is times like these where I reflect on my own female role models throughout my life who made moments like these achievable. I am blessed to be supported by my amazing team at Sea Tow, including my mom, Georgia Frohnhoefer, who helped Sea Tow get started with my father in 1983.”

Past recipients include: Sara Anghel of NMMA Canada; Angela Pilkington of Correct Craft; Wanda Kenton Smith of Kenton Smith Marketing; Susan Bonivich of Volvo Penta; Melissa Danko of Marine Trades Association of New Jersey; Margaret Podlich of American Boat & Yacht Council; Rallee Chupich of Lakeshore Holding; and Debbie Meigs of Cobalt Boats.

For more information, visit www.MarineEdFoundation.org/DarleneBriggsAward. Please contact Natalie Carlson with any questions at (512) 940-4156 or natalie@mraa.com.


About MRAA Educational Foundation
The MRAA Educational Foundation, a not-for-profit 501(c)3 corporation, was founded in 2004 to provide financial support for education, training and professional development in the recreational marine industry. The Educational Foundation is dedicated to the growth of the marine industry through workforce development. For more information or to donate to support the foundation’s mission, visit MarineEdFoundation.org.

11 Takeaways from Dealer Week 2020

An Authentic Dreamland for Training, Education and Connection

 

 

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What does it mean when you dream about work? We’ve all been there one time or another, you awake at 4 a.m., from a deep sleep with thoughts — in some cases even nightmares — about your place of employment.

 

For me, the scenario was different. I’ve been a part of the Marine Retailers Association of the Americas team since July and have had nothing but positive experiences. It makes complete sense, then, that my dream follow suit and not involve much anxiety, but rather concepts for improvement heading into 2021.

 

This was one of those dreams when you wake up and wish you had a pen and scratch pad next to the bed. One where ideas feel as though they were “placed” in your head for a reason. Lacking a notebook or even a pencil, I decided it was time to wake up and jot down some of these burning topics.

 

As background, I was part of the MRAA team that monitored the Dealer Week chats and I participated in the roundtables and networking sessions during last week’s online conference. While the live portion of the event may have ended, it’s not over, technically, for anyone who’d like to still jump in and experience the content that’s inspiring me to write the following list of my own top 11 takeaways. Check it out:

 

1.Looking Forward: With 2020 mostly in the rearview mirror, it’s time to focus on the future while using the past as guidance for educational and emotional growth. The session “Thrive on the Other Side of 2020,” with John Spence helps dealers like you take better care of yourself and your entire team. The goal is to improve your culture by understanding emotions, handling anxiety and overcoming stress. In turn, this helps you boost results, retain the best employees and, ultimately, provide the best possible customer experience. Similarly, Marcus Sheridan discussed building a marketing plan for a year with or without boat shows, centered on understanding today’s savvy and informed customers and how to build a plan to engage them with seven actionable methods.

 

2.It’s time to see it differently: Speaker Kelly McDonald taught us that the phrase “I see it differently” is better to use than “Let’s agree to disagree.” This little gem is about how you can handle conflict with a refined approach. It comes from her “How to Recruit, Work With and Lead People Not Like You” Employee Pathway session. Frankly, this is a must-watch presentation for anyone in business.

 

3.The Empathetic Path: It’s easy to wear your own shoes and see it your way. It’s far more challenging, impressive, meaningful and worldly to think of others, their feelings and the outcome of your actions. Humans makes mistakes all the time. It’s true. But they can also apologize, forgive and show grace in an effort to communicate more openly and honestly (without hostility). Showing more empathy must be part of your approach to 2021, in work and your personal life.

 

4.A Kind Heart Beats Burnout: Speaker David Spader taught us to not only think and interact with our brains, but also with a full heart. Why? Because compassion and kind heartedness are indispensable for overcoming burnout. And not just for you, but others, too (customers, co-workers, employees and neighbors), because it changes corporate culture for the better.

 

5.Digital Deluge: Digital’s impact on our businesses is expanding like never before because traditional buying methods and customer thinking was forced to change even more because of the pandemic. Dealers have to use digital methods to reach more customers, through the use of targeted marketing efforts, data interpretation and implementation. Internally, increased digital functionality with checklists, procedures and the use of outside service companies can also improve efficiency, internal and external communications and, in the long run, help enhance the customer experience.

 

6.Video or Bust: At least three educational sessions at Dealer Week focused on video. It’s clear, especially with more consumers at home and participating virtually, becoming a video guru is as timely as it is necessary for growth. We’ve been told some dealerships have employees that have vowed to never be on camera, yet even these opponents (whether from fear or nervousness) have even given it a shot to be part of the video team and showcase their expertise with customers. Find a team that gives you the best opportunity to create informative videos for the boating public and answers your customers’ questions. A solid video game gives you credibility and a competitive advantage.

 

7.The New-To-Them Segment: This really is about the used boat market or the potential and growth within the pre-owned boat market due to the lack of new inventory and a likely increase in buyer demand. Two sessions at Dealer Week discussed this hot spot within the marine industry. One focused on photography and videography adaptation with pre-owned boats while the other shared key benchmarks all dealers should aim for when committing fully to winning with pre-owned boat sales and growing profits.

 

 

8.Virtual Anything Just Doesn’t Work. FALSE! Not only has virtual learning at thousands of schools and universities proven this to be false, but technically watching sports, listening to podcasts and viewing TED sessions all have to do with you NOT attending the content you’re consuming and partaking at home, in a Tesla or in an office setting. When you hear someone say, “I’m not a virtual learner. I prefer to meet with people in person,” you, like me, can relate. But this is simply not true for most people who give it a chance. Dealer Week 2020 was online for the first time and proved that even though something is online, that it could feel almost as real as being at the conference — sans the sore feet. With consumers seeking more things digital, from shopping to eating to communicating so it’s best to explore how you can accept virtual, not ignore it.

 

9.Chatrooms are Critical: To make Dealer Week 2020 a true experience, participating within the various chatrooms was essential. Whether you posted questions for our hosts or educators to answer, or to simply give someone a “thumbs up” for their post, human interaction felt tremendous and long overdue, at least in terms of the boat show scene. At Dealer Week, the chatrooms were used to promote peer sharing in F&I, Marketing, Advocacy, Sales, Service, Parts & Accessories and Diversity, Equity and Inclusion. Dealer Week also featured a general session chatroom where trend sharing, honesty and genuine stories about best practices were told. A reminder here, pay close attention to your pop-up chat features on your sites, capitalizing on fresh contacts when they reach out to your team for more information.

 

10.Cue the Music: They say music soothes the savage beast, but it also connects us with others and can take the edge off of a new experience. Dealer Week featured awesome mood-setting songs from Aaron Goodvin and some hot tracks from DJ Impulse during our awards presentation — all presented by KICKER. The key to remember with music is to actually listen to the song lyrics to help you break down the entire story to get the full effect and message. Much like a great keynote speech or learning experience, when you break down everything, you’re learning, connecting and, hopefully, enhancing your individual and community approach. The message here is to be more inviting than you think you’re already being.

 

11.It Ain’t Over ‘til It’s Over: First, Dealer Week 2020 runs through March 31, 2021. While you may have missed the LIVE interactions, you can still consume all the educational sessions, exhibits and training for another three months. If you’re like me, you’ll need this extra time to CONSUME EVERYTHING! But you can also still network with your fellow dealers and reach out to manufacturers and suppliers. Second, MRAA Silver Members also retain continuous access, so they can view all the pathway sessions (Dealership, Customer and Employee), keynote speaker address, exhibitors, products and more. Finally, it’s not altogether done because the content is so relevant and timely — even if you’re not a marine dealer. Yes, it’s that good! Why else would I be dreaming about my first-ever Dealer Week Experience?

 

MRAA Celebrates the 2020 Great Dealerships to Work For

The Marine Retailers Association of the Americas named this year’s marine industry Great Dealerships to Work For, online at 2020 Dealer Week, the association’s annual conference and expo.

Eight dealerships qualified for recognition by earning an overall score of 90 percent or better on the Marine Industry Certified Dealership Program’s annual Employee Satisfaction Survey. This survey, administered anonymously through the MRAA, asks Certified Dealership employees to answer 32 ranking questions about their satisfaction with their unique dealership’s leadership, management, reputation, customer relations and employee satisfaction.

“Becoming a Great Dealership to Work for is not an easy feat, especially in a year like 2020, when dealership employees were asked to work longer and harder than ever to keep up with the increased demand the marine industry faced,” says Liz Keener, MRAA Certification Manager. “These dealerships invest in the satisfaction of their employees, and they take pride in fostering an environment that their employees love to work in each and every day.”

Of those who participated, only 8 dealerships qualified to be named a Great Dealership to Work For. Those dealerships are:


  1. Breath’s Boats & Motors, Bay St. Louis, Mississippi

  2. Desmasdon’s Boatworks, Ponte au Baril, Ontario, Canada

  3. All Season Marine Works, Westport, Connecticut

  4. Off Shore Marine, Branchville, New Jersey

  5. Buckeye Sports Center, Peninsula, Ohio

  6. Regal & Nautique of Orlando, Orlando, Florida

  7. Lodder’s Marine, Fairfield, Ohio

  8. Union Marine Seattle, Seattle, Washington


“As time goes on, we continue to learn and witness just how strong the correlation between employee satisfaction and strong employee processes are,” says Matt Gruhn, MRAA President. “We are honored to recognize those who put great focus on supporting the success of their teams.”


About the Marine Retailers Association of the Americas
At the Marine Retailers Association of the Americas, we believe that for the marine industry to thrive, the retail organizations that interact with the boaters in their community must thrive. With that in mind, MRAA works to create a strong and healthy boating industry by uniting those retailers, providing them with opportunities for improvement and growth, and representing them with a powerful voice. For more information, contact us at 763-315-8043.

Record 930 dealers registered for Dealer Week

More than 930 dealership personnel have registered for Dealer Week 2020, the Marine Retailers Association of the Americas’ annual conference and expo, which kicks off tomorrow online.

The 930 dealer registrations represent more than a 43-percent increase over the MRAA’s previous all-time high dealer attendance at its annual conference, which stood at 650, and more than 57 percent more than the total attendance at the inaugural Dealer Week in 2019.

“When we began creating a plan for a virtual conference back in March, we believed that an online platform could extend the reach of our educational content significantly,” explained Matt Gruhn, MRAA President. “We set an aggressive goal of hosting 1,000 dealers at Dealer Week 2020, and we are thrilled to be on the cusp of reaching that goal.”

Dealer Week 2020 launches Tuesday, Dec. 8, at 9 a.m. Central Time. The Opening Ceremony includes a keynote presentation on the importance of the customer experience, titled “Three Things Your Customers Care About,” by Jay Baer. It will also provide attendees a sense of what to expect and how to navigate the week’s event experience.

“Dealers, you told us what you value in MRAA’s conference, and last year we re-imagined the event to focus it on helping you solve your biggest challenges,” said Mike Davin, MRAA Brand Director. “This year we had the opportunity to re-imagine it again, and it’s been exciting because the online format creates an environment where we can deliver more solutions to more dealers, which is MRAA’s ultimate goal. If you’ve ever been to Dealer Week or considered participating, this is a year you won’t want to miss.”

Dealer Week offers more than 30 educational opportunities to prepare marine businesses for the year ahead. In addition to the keynote, the event will offer 18 education sessions (including three dealer case studies) spread over three pathways, several thought leader presentations, an awards program, dealer roundtable discussion sessions, and question-and-answer sessions with each of the event’s speakers. There are also more than 80 individual exhibit spaces hosted by partners with dealer-focused products and services to offer.

Dealer Week’s Education Hosts are back to guide attendees through the online experience, and they will once again act as emcees for the three education pathways. The hosts are Sam Dantzler, Wheelhouse College; Jim Million, Million Learning; and Valerie Ziebron, VRZ Consulting.

Special features of this year’s event include a Lunch & Learn promo from Operate Beyond, a trio of celebrity appearances during networking sessions, two U.S. Senators to appear during MRAA’s Annual Meeting on Friday, and entertainment made possible by KICKER Marine Audio. The Lunch & Learn rewards dealers who register four or more people from their store with a $100 gift card to buy their team lunch while they participate in Dealer Week.

“At the foundation of this incredible event experience, the Dealer Week educational offerings are the most timely and relevant courses we’ve ever produced for a live event,” explained MRAA Vice President Liz Walz. “Our primary focus has always been the ideas, insights and inspiration we offer Dealer Week attendees, and with the uncertainty we know will impact the 2021 market place, we are looking forward to delivering the most powerful line-up of the most important topics and advice to the largest number of dealers ever participating in an MRAA annual conference.”

It’s not too late to register and join this record audience. Learn more at www.DealerWeek.com.


About the Marine Retailers Association of the Americas

At the Marine Retailers Association of the Americas, we believe that for the marine industry to thrive, the retail organizations that interact with the boaters in their community must thrive. With that in mind, MRAA works to create a strong and healthy boating industry by uniting those retailers, providing them with opportunities for improvement and growth, and representing them with a powerful voice. For more information, contact us at 763-315-8043.

About Dealer Week

For nearly 50 years, the Marine Retailers Association of the Americas has delivered world class educational programming to dealers, retailers and service operations that power the boating industry and serve today’s boaters. Dealer Week evolves as MRAA’s rebranded and reimagined annual conference and expo, a profoundly new event experience designed to engage, energize and empower the dealer community. The MRAA envisions a brighter future for marine retail, and Dealer Week is the preeminent means for bringing that vision to life. Learn more at DealerWeek.com.

The Results are in: Labels Meant to Warn Boaters Fail Miserably

When fueling up your boat at the gas station, can you tell the difference between a low-ethanol fuel that is fine for your engine and a higher blend ethanol fuel that can cause some serious damage?

A new national poll conducted by a group of organizations, including MRAA, found that the current labeling is unsurprisingly ineffective in communicating the dangers of E15 gas to boats and other small engines.

Beyond the design and wording of the label, another concern for consumers is the inconsistent placement of the E15 label at gas pumps: Roughly 70% of consumers noted that inconsistent or hidden E15 label placement made the labels less effective overall. Changing the label color from orange to red, and simplifying the design by incorporating more images also contributed to the difference.

This survey follows recent consideration by the U.S. Environmental Protection Agency to change, or remove E15 labels altogether, to encourage greater use of the biofuel. While the EPA has not specified what form these changes might take, they would likely further limit consumer warning measures and further exacerbate misfuelling.

As the survey results demonstrate, any E15 label decision that fails to prioritize consumer safeguards would likely result in significant safety and financial implications for millions of consumers of products banned for E15 use by EPA.

“The results of this survey couldn’t be clearer: the current warning label does not adequately educate consumers on the potential hazards of E15,” said Adam Fortier-Brown, Government Relations Manager for the Marine Retailers Association of the Americas. “Updating this label to be more effective is long overdue. Doing so would provide a safer fueling experience for consumers so they do not unwittingly void their warranties and reduce the longevity and fuel efficiency of their engines. Our industry urges EPA to address this need by implementing a more effective label with standard placement on pumps to adequately educate consumers on current regulations.”

In addition to changing the label at the pump, MRAA supports more public education of the dangers of E15 fuel to certain engine types, installing different physical barriers at the pump such as different sized fuel nozzles or keypad systems, and a more detailed naming system for fuel so that boaters can more easily know that fuels such as “Regular 88” is actually E15 fuel.

“If there’s one thing apparent from the latest findings, it’s that we should be doing more to educate and warn consumers about the potential hazards of E15—not obscuring this information and increasing the likelihood that people will unknowingly incur costly damages,” said Nicole Vasilaros, Senior Vice President of Government and Legal Affairs at NMMA. “As a representative of the recreational boating industry, making sure our boaters and the broader public have the proper information they need to make decisions at the gas pump has been a major focus of NMMA and it will continue to be in the days ahead.”

“This information highlights what many boaters already know: not enough is being done to protect us from the harmful effects of higher ethanol blends on boat engines and fuel systems. While many boaters prefer having an ethanol free option, they have learned to live with gasoline blended with up to 10 percent ethanol. It is vital the EPA act to protect boating consumers from the higher ethanol blends using tools such as clear, unambiguous labeling at the pump,” said David B. Kennedy, Government Affairs Manager, Boat Owners of the United States (BoatU.S.).

Dem Leadership Back Bipartisan Stimulus Deal, Congress Funding Set to Expire December 11

WASHINGTON DC — In response to a surge in COVID-19 cases, now reaching 13.3 million and over 266,000 deaths, a bipartisan, bicameral group of lawmakers revived negotiations on Tuesday for a COVID-19 stimulus package that appeared dead in the water before Thanksgiving.

The bipartisan proposal was introduced on Tuesday morning by Senators Joe Manchin (D-WV), Mitt Romney (R-UT), Susan Collins (R-ME), Bill Cassidy (R-LA), Lisa Murkowski (R-AK), Mark Warner (D-VA), Jeanne Shaheen (D-NH), Angus King (I-ME) and Maggie Hassan (D-NH), as well as House members of the Problem Solvers Caucus.

The $908 billion “framework”, which has not been embraced or openly opposed by leaders in either party, includes items important to our industry such as $288 billion in small business relief through PPP and EIDL loans; $160 billion for state and local governments to make up for lost economic revenue; and important short-term liability protection for employers, with the purpose to give states time to develop their own programs.

Other items in the bipartisan package include:

  • $180 billion in unemployment insurance additional $300 each week for 18 weeks.
  • $82 billion for public schools struggling to reopen.
  • $45 billion in aid for the transportation industry, including airlines, buses, and transit.
  • $16 billion for vaccine development, distribution, and virus testing/tracing.
  • $35 billion for health care providers.
  • $4 billion in student loan forgiveness.
  • $25 billion in rental housing assistance.
  • $26 billion for nutrition and agriculture aid.
  • $10 billion for the U.S. Postal Service.
  • $10 billion for child care assistance.

Democratic leadership and President-Elect Biden endorsed this bipartisan framework on Wednesday, calling on Majority Leader McConnell to revive negotiations with President Trump and Senate Republicans to move the package forward. In a sign of progress, party leaders have indicated a desire to have a pandemic relief package ready to be voted on by the middle of next week.

The most likely vessel for a stimulus deal would be attaching it to the $1.4 trillion spending bill that must pass by December 11 to avoid a government shutdown. Disagreements have risen in this package in Congress over funding for a border wall and funding for immigration enforcement. Shaking things up further, President Trump has threatened to veto a bill funding the military, which includes life jacket and engine cut-off legislation important to our industry, unless it removes liability protections for Facebook, Twitter, and other tech platforms.

“It would be stupidity on steroids if Congress left for Christmas without doing an interim package as a bridge,” said Senator Mark Warner (D-VA) in reference to the bipartisan framework.

It is still possible that a deal could be struck before the December 11 deadline, with practically every member in Congress wanting to pass something and leave the Capitol to avoid catching COVID-19, with a longer-term package to be negotiated with the next Congress and administration.

Stanek Group At Morgan Stanley To Host Special Webinars at MRAA Dealer Week

The Stanek Group at Morgan Stanley will host a special webinar series during Expo Hall exploration times Wednesday, Dec. 9, and Thursday, Dec. 10, at the Marine Retailers Association of the America’s Dealer Week 2020 online conference.

The webinars by Stanek Group at Morgan Stanley, an MRAA Education Champion, focuses on helping Marine dealers become financially independent of their businesses with studious wealth management strategies and more. Tony Perrelli and Brad Stanek will be actively providing MRAA with financial planning educational resources through various channels that will include webinars, one-on-one engagements, speaking workshops and e-newsletters.

UPCOMING EVENTS:
Wednesday, December 9
11:00 a.m. CST (12:00 p.m. EST)
Transitioning Out of Your Business

For many of you, much of your wealth is tied up in your dealership and real estate. Your financial security highly depends on your business’s success. All of us remember 2008, and the many sleepless nights it caused. Because of this, finding ways to be less reliant on the business is a must. Join Tony Perrelli, Financial Advisor, as he shares with you: how top dealers are building wealth outside the business; the ways they might preserve this wealth against risks; specific strategies you can use to help give you the increased comfort you desire.

You will learn:

  • How top dealers are building wealth outside their business
  • What you need to know about possibly preserving this wealth
  • Specific ideas you can use the moment you log off
  • RSVP HERE

Thursday, December 10
11:00 a.m. CST (12:00 p.m. EST)
Alphabet Soup: Learn the A to Zs on how Premier Dealers Seek to Avoid Pitfalls While Trying to Maximize Wealth in Today’s Unpredictable World

Lawsuits are becoming more and more frequent. Family divorce rates are at an all-time high. You have worked too hard in building your business and personal wealth to lose it in the blink of an eye. Unfortunately, too many owners find out they don’t have adequate protection until it is too late. Perrelli hosts this informative discussion that shares: hidden risks you need to be aware of; how to develop a proactive plan with your attorney so you are not caught flat-footed; specific strategies that you can use right away in order to possibly bulletproof your wealth.

You will learn:

  • The risks of litigation – and how they apply to you and your dealership
  • The different preservation strategies that can be put in place
  • Some components of a wealth preservation plan.
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Morgan Stanley | 227 West Monroe Street | Suite 3400 | Chicago IL 60606
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.


Morgan Stanley Smith Barney LLC. Member SIPC.
CRC 3350061 12/2020