Weekly 5: Yamaha completes plant expansion, adding 100 jobs

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April 23, 2013
Filed under Weekly 5

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every Tuesday on BoatingIndustry.com.

1. Yamaha completes plant expansion, adding 100 jobs

The Yamaha WaterCraft Group has finished its $3 million expansion of its jet boat plant in Vonore, Tenn. The 30,000-square-foot project has allowed Yamaha to hire 100 new employees and increase production capacity by 20 percent.

2. Ethanol requirement on its way out in Florida

As the E15 debate continues to rage at the national level, the largest boating state could soon allow gasoline without ethanol. The Florida state House voted last week to remove the requirement that stations sell fuel blends containing ethanol. The state Senate is expected to pass its version of the bill soon. Stations would still be able to sell gas that contains ethanol if they wish to.

3. Small business credit expected to loosen

A recent survey of banks shows that lenders expect more demand for small business lending this year, and an increased availability of capital to meet that demand.

The survey polled 255 risk managers at U.S. banks and found that more than 70 percent expect increased demand for small business loans over the next half-year period. More than half said that the total credit extended to small businesses would rise, and 62 percent said there would be enough credit supply to meet demand.

4. IRS targeting small business

Several reports over the last week have said that there is more evidence the Internal Revenue Service will be taking a harder look at small businesses this year, especially sole proprietorships. This blog offers some advice on steps to take to protect your company.

5. Boating daily deal site launches

A new Florida website offering discounted services for boaters is up and running. Like a Groupon for boaters, the site offers reduced price products and services, but aimed specifically at boaters. The site is currently offering deals in the Fort Lauderdale and Miami areas, but hopes to expand to other markets.

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