STUART — A projected deadline for a California-based boat builder possibly seeking to relocate to Martin County has come and gone without any decision from the company on its future.
A co-director of the Business Development Board of Martin County said the unnamed company continues to scout potential sites to set up a $1.8 million boat and trailer manufacturing operation that would employ 41 with a local annual payroll of $1.4 million.
"We're still probably a couple weeks away from knowing what community they're going to select, but we're still working with them," said Crystal Stiles, co-director of the Business Development Board.
When county commissioners gave their support to a local incentives offer on April 26, a decision by the company, dubbed "Project Tack," was expected by June 1.
No adjusted timetable has been set.
"It's a big decision and it's something that doesn't happen quickly," Stiles said. "Generally, a company doesn't like to make an announcement until they have secured a location, which means they have to make an offer to buy a building or lease a building before they're ready to voice a commitment."
The boat builder's identity is being kept confidential by the state and county governments.
State law allows officials to withhold the name of companies being recruited for competitive reasons, as Florida may be competing with other states to attract the business.
To lure the company, the county has offered a $24,600 grant that would match $123,000 in sales tax refunds offered by Enterprise Florida, the state's economic development agency.
The company, which according to county records plans to spend $1 million for a 20,000-square-foot building and another $100,000 on renovations, would use the incentive money to purchase equipment and upgrade the new facility.