Yamaha Boat Manufacturing USA, Inc. has announced that the company will expand operations, adding 150 new jobs in Monroe County, Tenn.
The company will purchase an additional building located adjacent to its current production facility in Vonore.
Tennessee Governor Bill Haslam and Economic and Community Development Commissioner Bill Hagerty joined Yamaha officials to announce the company will invest $17.7 million in the expansion project. The facility will add more than 36,000 square feet of production and office space.
“We want to congratulate Yamaha on this expansion and thank the company for its continued investment and new jobs that will be created in Vonore,” Haslam said. “Yamaha is a brand known around the world, and it says a lot that they are expanding here in Tennessee.”
“Tennessee was recently named the top state in the nation for foreign direct investment job commitments,” said Hagerty. “Our state is home to 864 foreign-based establishments employing more than 116,000 Tennesseans, and I applaud Yamaha for utilizing our highly qualified and skilled workforce to produce its first-class, signature sport boats.”
The company plans to be operational in the new location by late 2015 with production slated to begin mid to late 2016.