MIAMI – Sport-fishing yacht manufacturer Bertram Yacht is to expand its facilities on the Miami River, rather than move to North Carolina, the South Florida Business Journal reported in a story yesterday, which attributed that information to Miami-Dade County’s economic development agency.
In October, Miami-Dade commissioners approved a deal that would give a marine manufacturing business $720,000 from Florida and $180,000 from Miami-Dade as part of the state’s qualified target industries fund and another $101,953 from the county’s targeted job incentive fund. The Beacon Council did not reveal the company’s identity at the time, but details in its application seemed to describe Bertram Yacht. The council confirmed that Monday, the Business Journal reported.
Bertram Yacht currently employs 419 in South Florida and plans to add 150 more over the next three years and spend nearly $9 million in the expansion, the Beacon Council said.
“This is good news for the marine industry at a time when Florida’s boating manufacturers are being actively courted by other municipalities throughout the Southeast,” Beacon Council President and Chief Executive Officer Frank Nero said in a news release. “Miami-Dade’s economy remains strong and our unemployment level remains low as compared to state and national figures. Job creation remains a top priority for the county and Bertram Yacht’s contribution to our local economy can not be overstated.”
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