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July 2, 2007
Millions of dollars in state incentives have convinced boat-maker Brunswick Corp. to build a manufacturing facility on the coast that will create 858 jobs.
Gov. Mike Easley said Monday that the Chicago company will set up shop in Navassa, a small town in, fittingly, Brunswick County. The state offered as much as $4.36 million in tax withholdings under the Job Development Investment Grants economic-development program.
Brunswick Corp. (NYSE: BC) says it will invest $51.2 million in the next five years in the area, where it plans to manufacture yachts at a facility it's acquiring from boat-maker Rampage. The average pay of the jobs will be $31,293 plus benefits, just above Brunswick County's average of $30,576.
The company already employs roughly 1,500 people in North Carolina, most of whom work for its Hatteras Yachts division in New Bern and Swansboro.