Business Services Industry
Recreational boaters' spending helps businesses stay afloat, study reveals.
Knight Ridder/Tribune Business News, October, 2004
By H. Michael Jalili, Watertown Daily Times, N.Y. Knight Ridder/Tribune Business News
Oct. 29--On a sunny October day, 91-year-old Charles C. Ragonese did not hesitate to draw the anchor and go for a boat ride on Lake Ontario. His age won't stop him and neither will high fuel prices.
Mr. Ragonese, a summer resident of Henderson, said: "Gas prices are not a factor. As long as I'm having fun and the weather permits, I keep going."
A recent study by New York Sea Grant found that businesses that cater to recreational boaters fared well in the economically adverse climate of 2003. The agency, which is a partnership between the State University of New York, Cornell University and the National Oceanic and Atmospheric Administration, found...
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