Marine

Economic Impact of Marine Industries in Martin County

$76,686,335

Estimated Overall Economic Impact

(Includes direct, indirect, and included spreading)

2438

Jobs Supported

(Direct, indirect and included)

$175.7 Million

In Annual Wages
“Martin County is a mariner’s paradise with beautiful rivers and estuaries, exclusive cross-state access through the Okeechobee Waterway, and an easy jump-off point to the Bahamas—all contributing to a robust marine industry with a rich history, trophy-winning boatbuilders, exceptional craftsmen, and a wide variety of services. Our partnership with the BDB is tremendously beneficial as the industry expands and becomes stronger and more resilient. Their support is critical in advocacy for the industry, cultivating partnerships in workforce development and attracting ancillary services our members are looking for.”

Home to a $227 million maritime economy that supports more than 5,000 jobs, Martin County FL is an ideal location for marine-based companies.

16,823

Registered Boats in 2022

up 9% over the past 12 years — from 15,422 in 2010

2.14 Million lbs

of Commerical fishing landing in 2023

worth $4.69 Million ($2.18lb)

The Marine Industries Support 6,750 Jobs & 1.35 Billion in Annual Output Across the Treasure Coast

As a whole industry captures 4.3%  of the regional Gross Domestic Product (GDP) of $31.6 billion per year across Indian River, Martin, and St Lucie Counties.

Annual wages for marine industries jobs in 2023 averaged: $54,132 per year in Indian River County, $66,048 per year in Martin County, and $56,798 per year in St. Lucie County

Martin County:

  • A combined 2,438 direct/indirect/induced jobs generating $175.7 million in annual wages

St. Lucie County:

  • A combined 3,907 direct/indirect/induced jobs generating almost $210.3 million in annual wages

Indian River County:

  • A combined 408 direct/indirect/induced jobs generating $23.6 million in annual wages

The three counties contained a combined 42,734 registered boats in 2022, which reflects an overall increase of 8,396 vessels (24% since 2010)

Select Marine Businesses in Martin County:

Stuart Boat Show

The 2024 Stuart Boat Show saw nearly 10,500 attendees resulting in a higher share of visitor spend in the accommodations and food category and a 21% increase in the average visitor spend in the retail category.

The three counties contained a combined 42,734 registered boats in 2022, which reflects an overall increase of 8,396 vessels (24% since 2010)

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