Vexus Boats on Monday announced that it's expanding operations in north Arkansas, a $4.2 million project that will create 50 new full-time jobs.
In response to growing demand, the fishing boat company is moving some operations from its manufacturing center in Flippin at 727 W. Industrial Park Rd. to a nearby facility, CEO Randy Hopper said in a news release. That will expand the company's SF by 30%.
The extra space will allow more efficient production of aluminum and fiberglass boats. It will also be used to build custom trailers, and for engineering and product development.
"This is our home, and we feel fortunate to live in such a beautiful part of the world where the best of the best makes up an extraordinary team of boatbuilders," Hopper said. "We love what we do and are especially thankful for the support of our customers, employees, and great group of loyal dealers coast to coast.”
Gov. Asa Hutchinson joined the company for a news conference announcing the expansion.
“Arkansans take pride in our state’s stunning scenery and its access to outdoor recreation, and we are excited to have a company like Vexus that exemplifies our passions and values here in the Natural State,” Hutchinson said. “These 50 additional jobs will go a long way in improving the quality of life for families in Flippin.”
Vexus opened its 23,000-SF headquarters in Flippin in December 2017. The facility was designed to expand to 115,000 SF to accommodate growing demand.
Vexus benefits from state incentives including the Advantage Arkansas Program, which offers a state income tax credit for job creation, and the Tax Back Program, which provides a sales and use tax refund for eligible expenditures.
The company also received $200,000 in Community Development Block Grants.