Warrior Boats' new owners plan to build their manufacturing plant in Melrose, Minn.
Incentives from the city to set up shop there include a tax-increment financing plan and a 10-year revolving $100,000 loan available at 4 percent interest, the St. Cloud Times reported.
Warrior Boats, owned by three businessmen from Melrose and a professional angler from Wisconsin, in turn agrees to construct a 10,000-square-foot building in the Melrose I-94 Industrial Park and create at least five new jobs within two years.
“We’re excited to be able to partner with them and provide some of the tools they need to start their business,” Melrose City administrator Mike Brethorst told the newspaper.
“We’ve been working on this since July, and you’re talking about some Melrose guys who were involved in this. They’re friends and fishing buddies of people in this community. They were shopping around and doing their due diligence, and so were we. But in the end, through a joint effort in partnering with the school district, the county commissioner, our economic development association and the public utilities commission, we were able to get this done.”
Chuck Barth, Joe Hellermann and Al Leinen in July purchased the Warrior Boats brand along with Dave Andersen, a professional walleye angler from Amery, Wis.
Warrior Boats, a company that started making pontoons in the mid-1980s in Maple Lake, Minn., became known for its high-end fiberglass fishing boats.