Chris-Craft is seeking approval from Manatee County in Florida for a nearly 48,000-square-foot addition to its manufacturing facility.
The company qualifies for $55,000 in economic incentives and $42,720 in transportation impact fee incentives, documents filed with Manatee County government showed, according to the Bradenton Herald.
The $10 million expansion has been fast-tracked, the newspaper reported.
The incentives are dependent on the creation of 55 new jobs during a five-year period. The jobs would have an average annual wage of $42,277, equal to 115 percent of the county average.
The launch of the expansion is dependent on county approval, but Chris-Craft president Stephen Heese would like to have the first of two proposed buildings completed this year.
The facility is on 15th Street near Sarasota-Bradenton International Airport. Chris-Craft is proposing $5 million in expanded facilities and another $5 million for tooling, Heese told the newspaper.
The company plans to introduce three new models this year.