Hodgdon Yachts Awarded Pine Tree Zone Certification.EAST BOOTHBAY, Maine Boothbay is a town in Lincoln County, Maine, United States. The population was 2,960 at the 2000 census. It was incorporated in 1764. Geography According to the United States Census Bureau, the town has a total area of 119.5 km² (46.1 mi²). 57.2 km² (22. -- Governor John Baldacci John Elias Baldacci (born January 30, 1955) is the current Governor of the U.S. State of Maine. A Democrat, he was born in Bangor, Maine, one of eight siblings in a family of Italian-Lebanese origin. joined Hodgdon Yachts President Tim Hodgdon today at the company's boatyard Noun 1. boatyard - a place where boats are built or maintained or stored place, property - any area set aside for a particular purpose; "who owns this place?"; "the president was concerned about the property across from the White House" to present Hodgdon with its Pine Tree Zone (PTZ PTZ Pan-Tilt-Zoom (camera) PTZ Pentylenetetrazol PTZ Photo Zenith Tube PTZ Poisson Truncated At Zero Model PTZ Point Zero ) certification and to help announce the details of the new Maine Maine, ship Maine, U.S. battleship destroyed (Feb. 15, 1898) in Havana harbor by an explosion that killed 260 men. The incident helped precipitate the Spanish-American War (Apr., 1898). Commanded by Capt. Charles Sigsbee, the ship had been sent (Jan. Built Boats (MBB MBB Men's Basketball MBB Master Black Belt (Six Sigma) MBB Messerschmitt-Bölkow-Blohm MBB Medical Biochemistry and Biophysics (Karolinska Institutet, Stockholm, Sweden) MBB Make Before Break ) organization, an alliance geared toward establishing Maine's boat building industry as a global leader. "The program is all about helping Maine businesses grow," said Governor Baldacci. "I am pleased that the program will help Hodgdon move forward with its growth strategy." The Governor introduced the program, an aggressive incentive package structured to bring jobs and new business to Maine, in February 2004. As a result, 2,800 jobs are being created and business growth is taking place throughout the state. Hodgdon, which currently employs 76 people, plans on adding up to 25 new jobs as part of its long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. growth strategy, which includes a contract with the U.S. Navy to design and build a composite high-speed prototype vessel. With the support of Maine's Federal Delegation, the Maine Department of Economic and Community Development, and the Maine Technology Institute, Hodgdon secured a $1 million contract in 2004 to design the hull and received a second contract in 2005 to start construction of the prototype. Successful completion of the project will make Hodgdon a very competitive candidate in bidding for a contract to construct the additional boats in 2007. The company has also completed a $100,000 renovation on an existing building where the development and testing program is now underway. This building will support the prototype hull construction in the fall. Additional improvements to the yard's facilities are also underway. Tim Hodgdon said, "This program is a great opportunity for this company and the state's marine industry in general. The support we have received from both the governor's office and our federal delegation demonstrates what shipbuilding means to Maine." Boat building represents a growing business sector in Maine. Annual industry sales top $650 million, and approximately 450 companies are tied to the industry. Industry representatives estimate that Maine boat sales could increase to more than $1 billion over the next 10 years. The State is working to facilitate this growth through a partnership with MBB. Hodgdon has built more than 400 vessels in Maine since the launching of its first boat in 1816. |
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