Grand Craft Boats Relocates-Plans Genoa City, Wisconsin, Headquarters
Grand Craft will lease a 20,300 square foot facility located at 1021 Williams Road, which will serve as the company’s headquarters and house its production operations.
“Wisconsin is a great fit for Grand Craft. We were particularly attracted by the strong workforce, as well as a business climate that values and encourages manufacturers like us,” said Grand Craft’s President & CEO Patrick Gallagher. “Our products are a perfect match for Wisconsin’s deep tradition of lake recreation and enjoyment of the outdoors. We’re thrilled to continue building our business here.”
WEDC is supporting the project by authorizing up to $125,000 in state income tax credits over the next three years. The actual amount of tax credits Grand Craft will receive is contingent on the number of jobs created and the capital invested in the project.
“We are pleased that Grand Craft will soon be making its beautiful boats in Wisconsin,” said WEDC Secretary and CEO Hughes. “The company’s decision to relocate here is another example of how Wisconsin is able to attract manufacturers of innovative, best-in-class products because of its skilled workers, strong communities, and outstanding manufacturing infrastructure.” Grand Craft serves the luxury boat segment, combining old-world craftsmanship with advanced manufacturing processes, contemporary functionality, and technical innovation.
“Grand Craft is exactly the type of company that thrives in southeastern Wisconsin,” said M-7 Executive Director Jim Paetsch, the Milwaukee regional economic development organization. “We have a strong and diverse regional economy that continues to add new companies and investment. We welcome Grand Craft and look forward to supporting its growth plans for years to come.”
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