Marine-industry supplier Williamsburg Marine said on Tuesday that it is moving its operations to Milford, Ind., and is planning to add up to 75 net new jobs by 2023.
“We are excited to start our operations in Milford and to become a leading employer in the community,” Karen Weaver, Williamsburg Marine general manager said in a statement. “Our leadership group brings together more than 30 years of experience in the marine industry.”
In the statement, Williamsburg Marine said it will invest more than $1 million to update a 30,000-square-foot building in Milford to produce marine interiors and related components and accessories. The company is working with a network of mid- to upper-end marine customers and plans to be operational in Milford by mid-Autumn.
The Indiana Economic Development Corp. offered Williamsburg Marine up to $750,000 in conditional tax credits based on the company’s job-creation plan. The company can’t take advantage of the incentives without the jobs being created. The Milford Redevelopment Commission approved a training grant of up to $50,000 in lieu of tax abatement to reimburse the company for the costs of training new employees at the request of the Kosciusko Economic Development Corp.
“This announcement reaffirms our belief that Milford is a great location between Goshen and Warsaw to start and grow businesses,” Dan Brown, MRC chairman, said in the statement. “We look forward to supporting the company’s plans and applaud their commitment to invest in our community.”