Boatbuilding Legend Makes a Splash in Brunswick County
Occasionally in economic development, things just sound right. Like the creation of 800+ manufacturing jobs in Southeastern North Carolina in a single day. Or the fact that Chicago-based Brunswick Corporation is heading to Brunswick County, N.C., to create those jobs.
Brunswick Corporation’s announcement that it will acquire Rampage Yachts and its sizable presence in Navassa was made on July 13th in the presence of state, local and regional officials. The company is investing $51.2 million at the site, which will produce its Meridian, Bayliner and Maxum lines of yachts and cruisers. The company is shifting production of those products from an existing facility in Maryland that will close. Employment at the Navassa facility will come with an average annual salary of $31,293 and includes benefits.
Abundant production space along with close proximity to the deep waters of the Cape Fear River were pivotal in driving Brunswick Corp’s decision, explained Dustin McCoy, the company’s chairman and CEO, who also cited other important factors. “With its maritime heritage, skilled marine workforce and hospitable business climate, our partnership and presence in North Carolina are highly valued by Brunswick,” he said. The move from Maryland reflects the firm’s need for “more efficient and cost effective manufacturing,” Mr. McCoy added.
Supporting the establishment of the company’s presence in Navassa are financial incentives that include a Job Development and Investment Grant (JDIG) from the state and $25,000 in flexible cash assistance from The Southeastern Partnership, North Carolina’s Southeast Commission’s private non-profit adjunct.