Thursday, July 20, 2006

Chris-Craft Moving to North Carolina

Five years ago it looked like the end of the line for the Chris-Craft company but after filing for bankruptcy, they were rescued by British-Italian financier Stephen Julius. Chris-Craft announced this week that they will move their yacht division from Sarasota, Florida to North Carolina later this year. Kings Mountain in Cleveland County will be home to a massive new manufacturing plant for both Chris-Craft and Indian Motorcyles which Julius also purchased. Over 800 jobs will be created and more than $47 million dollars is expected to be spent on construction related expenses in the county. Governor Easley says the state will provide incentives worth up to about 7.5 million dollars if job creation goals are met. Chris-Craft has a long and storied history with over a 130 years building boats. We are excited to welcome them to NC and look forward to seeing their new boats on the water. More on the Chris-Craft move is available from the Triangle Business Journal.

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