AMORY — NauticStar will expand its Monroe County factory to build larger boats, adding 30 jobs.
The recreational boat maker, which currently employs 130, announced its plans yesterday.
The privately-owned 12-year-old company says it will invest $460,000 to add 20,000 square feet, connecting two buildings that currently total 160,000 square feet.
NauticStar President Phil Faulkner says the boat market has recovered from the recession, with company recording higher sales in 2012 than it did in 2007.
The expansion will allow NauticStar to make offshore fishing boats longer than 28 feet. Currently, NauticStar makes a series of deck and fishing boats ranging in length from 18 to 25 feet.
The Mississippi Development Authority is contributing $25,000 to help pay for building modifications. Amory and Monroe County will provide property tax exemptions.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info