Print
More News

Company Eyes Brunswick Co. Site To Bring 238 Manufacturing Jobs

By Christina Haley O'Neal, posted Jan 21, 2019
The site on Quality Drive Tuesday showed some activity. The Navassa property is being eyed by an unnamed manufacturer. (Photo by Christina Haley O'Neal0
Outside the former U.S. Marine Building in Navassa on Tuesday morning, there were several cars, some equipment and workers on the roof.

The 60-acre site is in the sights of a New Jersey-based company interested in relocating its manufacturing business there and creating 238 jobs in Brunswick County. That's according to a resolution up for consideration Tuesday night by the Brunswick County Board of Commissioners.

The county resolution is seeking the board's support in submitting an application to the N.C. Department of Commerce for a Rural Development Building Reuse Grant to aid in renovations of an existing building at the site. The company was not named in the resolution or the what type of manufacturing the company would bring.

The state grant being sought after is $700,000, and requires a 5 percent local match, or $35,000, from the county.

The property has two buildings, with access to the Cape Fear River and CSX rail, and is listed for $8.5 million. According to the listing, the site is under contract.

Randy Stump, owner and president of Stump Corp., a firm that sells industrial buildings throughout the Southeast primarily in North Carolina and South Carolina, said Tuesday the firm is representing the seller, Brunswick Corp., a Chicago-based firm that owns multiple boat manufacturing companies. 

He did not disclose when the property went under contract.

Brunswick County Board of Commissioners Chairman Frank Williams would not comment on the resolution Tuesday, but said, “We are excited about any opportunities to bring quality industries and jobs to Brunswick County.”

The grant would help the company offset the costs of making improvements to an existing building. Agenda documents state that certain alterations are required, including the addition of dock level doors, construction of a manufacturing room, compound room, site work and parking improvements.

Bill Early, executive director of Brunswick Business & Industry Development (Brunswick BID), would not comment on the project, but explained the grant process.

The grant in the resolution for commissioners’ consideration is made to local governments for approved economic development projects that meet certain requirements, Early said in an email Tuesday.

“The grant is awarded to the local government and requires various contracts be executed between the State of North Carolina and the local government as well as contracts between the local government and the proposed company,” Early said in the email.

Funds are approved for qualified renovations and improvements to existing industrial buildings that have been vacant for at least 3 months, he stated. 

“The company has approved improvements made and submits invoices along with proof that the invoice has been paid and requests reimbursement up to 50 percent. This request is submitted to the State and the State issues payment to the local government and the local government in turn provides the reimbursement to the company,” he added about the process.

The site used to be home to Rampage Sport Fishing Yachts, Brunswick BID officials said in an August email. Officials said at the time that the property had recently re-entered the market with fewer buyer restrictions, including a restriction that prohibited the sale to competing boat manufacturers. 

In 2007, Brunswick Corp. made an announcement that the firm would acquire Rampage Yachts and its Navassa presence, according to a news release at the time. The company had planned to invest $51.2 million at the site, shifting production from an existing facility in Maryland that was planned to close.

The company had planned to bring about 800 jobs to the area with an annual average salary of $31,293. It was also set to get financial incentives that would include a state's Job Development Investment Grant, according to the 2007 release.

Previous news reports about the project reported the plant was shuttered in late 2008.

Officials with Brunswick BID said in the August email that the property has been vacant since that time.

Early said that should the proposed company move forward, it will purchase the facility and land, and it will be privately owned.  
Ico insights

INSIGHTS

SPONSORS' CONTENT
Russell 102218124439

Can I Protect the Appearance of My Product or Packaging?

Russell Nugent - The Humphries Law Firm
Hewet60

I Disagree.

Ron Hewett - Academy Leadership
Lgoriginalheadshot 311794626

Summer is the New Holidaze

Laura Bransfield - Summerfield Custom Wellness

Trending News

A First Look At The Next Phase Of Autumn Hall

Cece Nunn - Feb 14, 2019

Local Retailer Meadowlark Plans Move In March

Christina Haley O'Neal - Feb 14, 2019

Family-owned Artisan Market Planned For Third Street Property

Christina Haley O'Neal - Feb 15, 2019

More Medical Space Coming To Leland Area

Cece Nunn - Feb 15, 2019

Changing Tides

Laura Moore - Feb 15, 2019

In The Current Issue


Food Hall Trend Coming To ILM

Food halls have been popping up throughout the United States, often in downtown cores. Some estimates predict that there could be more than...


Navy Week To Coincide With Azalea Festival

The U.S. Navy is coming to the Port City this spring, coinciding with the N.C. Azalea Festival. Wilmington is among the 14 selected sites –...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Health Care Heroes 2018
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties