![]() ![]() I am grateful to see Malibu Boats expand in our region and provide the kind of economic growth that can change lives in our state." - L.t Gov. "High quality manufacturing jobs are the pathway to the middle class for many of our citizens. We are proud to partner witht the Roane Alliance, Roane County, East Tennessee Economic Development Agency and the Tennessee Department of Economic and Community Development to help support companies, like Malibu Boats, that are creating job opportunities and investment in the region, and we celebrate this announcement together."- John Bradley, TVAsenior vice president of Economic Development ![]() It's always an exciting day when we can celebrate a company's commitment to continued growth in the region. "TVA and Lenoir City Utilities Board congratulate Malibu Boats on its decision to expand operations in Roane County. We are proud to welcome Malibu Boats, the largest jobs announcement in Roane County history, to our community and realize this project would not be possible without the hard work from the Roane Alliance and Roane County Industrial Development Board." - Roane County Executive Wade Creswell Malibu Boats creates the ultimate on-the-water lifestyle, which is a perfect match for Roane County with almost 700 miles of shoreline on Watts Bar Lake. "It is exciting to welcome Malibu Boats, an international brand with a strong regional presence, to Roane County. Our history of company vitality speaks for itself, where we've undertaken various investments in our manufacturing footprint like this one that have enabled revenue growth and employment opportunities year after year." - Jack Springer, CEO, Malibu Boats, Inc. Our local craftsmen and craftswomen are the driving force behind our operations as they create top-of-the line boats that enrich our customers' lives and, in turn, enable our company to thrive. "At Malibu Boats, Inc., our mission is to create the ultimate on-the-water lifestyle. We are fortunate that Malibu Boats will continue to call the Volunteer State home and believe this company's $75 million investment will transform the East Tennessee region for years to come." - TNECD Commissioner Stuart C. "Today's announcement is proof that Tennessee has the right assets in place to support companies like Malibu Boats as they grow and expand. I thank Malibu Boats for its commitment to creating greater opportunity for familiesacross East Tennessee and look forward to seeing the success of this expansion." - Gov. "Tennessee's skilled workforce is the ideal match for these 770 new jobs in Roane County. Since 2019, TNECD has supported more than 50 economic development projects in the East Tennessee region, resulting in approximately 7,200 job commitments and $2 billion in capital investment. Production and hiring for its new Cobalt boats facility are anticipated to begin in the first quarter of 2024. Founded in 1982, the parent company employs roughly 3,000 people. The company designs, engineers, manufactures, markets, and sells recreational powerboats globally. and one of the largest employers in East Tennessee. Malibu Boats, LLC is a subsidiary of Malibu Boats, Inc. The Lenoir City location will be the company's second plant outside of its headquarters in Loudon, Tennessee, and will allow the company to expand production and manufacturing capabilities of Cobalt boats to better meet its growing global customer demand. Malibu Boats will create 770 new jobs in Roane County over the next five years as the company locates some of its Cobalt boat brand production in an existing facility at the Roane Regional Business and Technology Park. McWhorter and Malibu Boats officials announced today the company will invest $75 million to expand manufacturing operations in East Tennessee. Bill Lee, Department of Economic and Community Development Commissioner Stuart C. ![]() Powerboat manufacturer to create nearly 800 new jobs in East Tennessee, invest $75 million through expansion ![]()
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