DeepWater Buoyancy Expands Manufacturing At Its Biddeford, Maine, Production Center
06/02/2014
Syntactic foam products produced at the Biddeford facility will be used for a variety of subsea operations for the oceanographic, oil and gas and industrial markets.
"We are pleased to welcome DeepWater Buoyancy to Maine,” said Governor Paul R. LePage. “The company’s financial investments in our state and its commitment to providing career opportunities to Maine people are greatly appreciated. I look forward to working with DeepWater Buoyancy as they grow and thrive, and I will keep working to attract other job creators to Maine, while helping to sustain and grow the businesses that are already here.”
The company was recently certified for a Maine Department of Economic and Community Development incentive package including various tax exemptions and reimbursements.
“DeepWater Buoyancy has seized a unique market opportunity but, make no mistake about it, starting up a marine composites business from scratch and ramping up production is a capital intensive endeavor,” said President David Capotosto. “Every extra dollar available to spend on skilled labor allows us to hone our competitive edge. Tax rebates and reduced energy rates will allow us to grow our business and our workforce to meet the demand we see in the industries we serve.”
Project Announcements
Certus Medical Expands Ingham County, Michigan, Operations
04/16/2024
Kalmbach Feeds Expands Wyandot County, Ohio, Operations
04/16/2024
Germany-Based Tesa Tape Relocates-Establishes Grand Rapids, Michigan, Headquarters
04/15/2024
FUJIFILM Diosynth Biotechnologies Expands Holly Springs, North Carolina, Operations
04/15/2024
Two Rivers Lumber Plans Coosa County, Alabama, Sawmill Operations
04/15/2024
Protomet Corporation Plans Rockwood, Tennessee, Operations
04/15/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024