Boat Components Maker to Startup in Milford
MILFORD - Williamsburg Marine has announced it will locate a startup operation in the town of Milford, adding up to 75 new jobs in Kosciusko county. The company says it will invest more than $1 million to equip an existing 30,000-square-foot building in the town.
The company produces boat interiors and related components and accessories.
“We are excited to start our operations in Milford and to become a leading employer in the community,” said Williamsburg Marine General Manager Karen Weaver. “Our leadership group brings together more than 30 years of experience in the marine industry.”
The Indiana Economic Development Corp. will give the company up to $750,000 in conditional tax credits based on the company’s job creation plans.
IEDC says until Hoosiers are hired for the positions, the company is not eligible to claim incentives.
The Milford Redevelopment Commission approved a training grant of up to $50,000 in lieu of tax abatement to help cover some of the expected costs associated with training new workers.
The company says it hopes to be operational by mid-fall and gradually build up the workforce
According to the Center for Lakes & Streams at Grace College in the town of Winona Lake, Kosciusko county lakes are a $313 million industry. The biggest lake being Lake Wawasee in Syracuse.