- April 16, 2024
-
-
Loading
Loading
CP Performance, an online marine product super store, chose to consolidate its operations in Flagler County, according to a news release by the Flagler County Department of Economic Opportunity.
CP Performance, previously known as “Project Price is Right," is a leading marine mail order superstore for performance boating needs. They manufacture and distribute over 3,000 OEM and after-market performance marine parts, cleaners and safety equipment.
The company, which was located in Rohnert Park, California, will construct the new facility in the Hargrove Grade Industrial Park in Palm Coast.
“We have business facilities on both coasts and have been considering consolidating operations in California. However, after working with Flagler County Department of Economic Opportunity and the city of Palm Coast, we’ve determined that it is in the best interest of the company to expand our operations in Flagler," said Scott Price, vice president of CP Performance, in a release.
CP Performance will create approximately 20 jobs with an average wage of at least $36,000 plus benefits, and will construct a minimum 20,000-square-foot facility. The immediate capital investment is estimated to be $2 million. In addition to the new employment and capital investment, this project ensures that the existing jobs currently at the
sister-company, Hardin Marine Performance Products, will also remain in the county.
"The company will provide new opportunities for our residents and increase the economic diversity and growth of our region,” Palm Coast Mayor Milissa Holland said. “This is another indicator that we’re moving in the right direction.”
On Oct. 15, county officials approved plans for a $90,000 new construction, performance-based incentive package with a 10-year payout. The estimated annual economic impact in the county is approximately $1.26 million per year. The final step in the process will occur at the city of Palm Coast workshop on Oct. 30, where impact fees and a city right-of-way will be discussed.
“This project is exactly how we should partner on new opportunities," Commissioner Greg Hansen said. "Performance-based incentives are the only way to go."
