The Best Industries For Starting a Business Right Now

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Ferryboats and Inland Water Transportation

As highways in and around urban centers become more congested, the old-fashioned ferryboat is making a comeback. Privately run ferry services, as well as tourist excursions, are thriving along the Pacific Northwest coast and on the Great Lakes. Given that significant spending for building ferryboats and terminals is part of the 2009 economic recovery act, opportunities are expanding. According to the Bureau of Labor Statistics, job growth in the water transportation industry is expected to grow 15 percent through 2018. The industry grew 17 percent last year, according to AnythingResearch.com. Barriers to entry, though, are steep. A new Coast Guard-certified ferryboat that carries 150 passengers costs about $6 million.