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.
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024