Boat Builder, Rec Boat Holdings, Expands Its Cadillac, Michigan, Manufacturing Center
05/14/2013
The company plans to launch a new jet boat line by acquiring some assets of an existing company and expanding its existing operations in Cadillac. "We are very pleased with the collaboration the State of Michigan has demonstrated throughout the whole process," Rec Boat Holdings Group President Roch Lambert said.
“Rec Boat Holdings is a leading boat manufacturer and an important employer in Cadillac. This expansion will further strengthen its Michigan presence and provide additional good jobs for years to come,” said Michigan Economic Development Corporation President and CEO Michael A. Finney. “The company’s decision to expand in Michigan is a strong statement about the great opportunities that, thanks to our business climate improvements, Michigan now offers to growing companies.”
“This expansion represents the outstanding work of the entire Rec Boat Holdings team and its continued commitment to our state,” Gov. Rick Snyder said. “Michigan is the comeback state and the new jobs resulting from RBH’s expansion will keep us moving in the right direction.”
As a result of the expansion, the Michigan Strategic Fund has awarded the company a $1 million Michigan Business Development Program performance-based grant. In addition, the City of Cadillac has offered support to the project in the form of 12-year property tax abatements valued at $63,000.
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