North Carolina governor welcomes Cabo Yachts


To celebrate the recent announcement that Cabo Yachts' manufacturing will move from California to the Hatteras plant in North Carolina, Gov. Bev Perdue last week made a stop at the New Bern, N.C. plant last week.

Brunswick announced the move last month. It means 350 jobs will come to the plant in the next few years, officials have said.

"This is a big day for North Carolina, it's a big day for America, because it says to all the people around the world that the global yachting business is alive and well and we're moving it back to North Carolina where it belongs," Perdue said.

She noted that the company has cut jobs at the New Bern facility and has made reductions at other plants in the state, but she said Cabo's move to New Bern is evidence of "major economic development" and she believes the state is in the early stages of economic recovery, according to a report in the Sun Journal newspaper.

Perdue said state and local economic incentives helped company leaders decide to come to New Bern, although other states courted Cabo.

Local incentives are in the works and state officials have awarded a job development investment grant of up to a little more than $3 million that will be paid out as the company meets performance milestones.

Another $60,850 will come from the state's One North Carolina Fund, based on performance.

Click here for the full article.


A Record Q2 for Brunswick

With strong global demand in all its business segments, Brunswick Corp. reported another stellar quarter, posting a 57 percent jump in net sales.

OneWater Adds PartsVu

The online marketplace for marine parts, accessories and electronics posted $25 million in sales over the last year.

Groupe Beneteau Updates Revenue Forecasts, More

The builder saw gains in its boat and luxury-home sectors and made several acquisitions, including a majority stake in Dream Yacht Group.

Golden Manufacturing Expands

The fabricator of aluminum boat lifts and aluminum and concrete floating docks adds 18,000 square feet to its Fort Myers, Fla., headquarters.

GetMyBoat Takes You to the Movies

The boat rental marketplace site teams with Disney’s Jungle Cruise for a contest to win a boat trip or movie tickets.

ConMar Adds to Sales Team

The manufacturers’ representatives add industry vet Brain Steele.

Will Canada Reopen to Boaters?

Set to open its borders to fully vaccinated U.S. residents next month, our neighbor to the north could be facing a strike by Canadian border guards and customs officials. Plus, the Great Lakes welcomes a newly designated marine sanctuary.