North Carolina governor welcomes Cabo Yachts - Trade Only Today

North Carolina governor welcomes Cabo Yachts

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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.

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