October 21, 2020
Friday, December 12, 2014
ORLANDO, Fla. – Today, Governor Rick Scott announced the creation of 200 new jobs at Nautique’s Orlando facility. The company announced plans to invest $8 million to expand its existing Central Florida facility and has also added 250 jobs in the last four years.
Governor Scott said, “Today’s news of 200 more jobs is great news. As we approach the holiday season, more families are having the chance to build a great career in Central Florida. I applaud Nautique for their success and for helping us achieve our goal of becoming a global destination for jobs.”
Nautique’s work with Enterprise Florida’s International Trade and Development offices helped improve the company’s sales by attending major international events including Governor Scott’s 2011 international mission to Brazil. In the last five years, Nautique has nearly doubled the number of boats it exports. Currently, 35 percent of sales are to international markets and the company currently sells their products in more than 60 countries.
Correct Craft Inc., the manufacturer of Nautique boats, was founded in 1925 and is the oldest family-owned boat builder in the U.S. Last week, Nautique was named Florida’s 2014 Manufacturer of the Year by the Manufacturers Association of Florida (MAF). In addition to this year’s award, the company has also won many of the industry’s top awards in the past two years including “Manufacturer of the Year,” “Boat of the Year,” “Most Innovative Product,” “Innovation of the Year,” “Buzz Brand,” “Wakesurf Boat of the Year,” “Wakeboard Boat of the Year,” and several others.
“I could not be happier to celebrate our company’s growth these past four years, and also announce major initiatives to generate at least 200 more jobs in the next four years,” stated Nautique President/CEO Bill Yeargin. “Our entire team appreciates the support we receive from the Governor; not only through their creation of a business friendly environment but also through the direct support of Enterprise Florida,” Yeargin added.
Secretary of Commerce and Enterprise Florida President & CEO Gray Swoope said, “The expansion of Nautique in Central Florida is further proof that Florida has the best climate for business. As a leading industry manufacturer, Bill and his team have taken advantage of Florida’s unmatched access to overseas markets, and have continued to grow and expand their business.”
Exporting is one of the best ways for Florida small businesses to grow and expand the state’s job base. Florida-origin exports are responsible for 8 percent of the state’s economy while exports of goods and services and foreign direct investment account for 17 percent. More than 60,000 companies in Florida export the highest number of goods in the nation accounting for 20 percent of U.S. exports.
In fiscal year 2013-14, EFI hosted 17 major international trade shows and missions with 724 small and mid-sized Florida companies generating more than $820 million in total projected export sales.