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
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
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
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024