Yacht Maker Now Navigating Wind Power Industry
(NPR) The recession forced many small manufacturers to adapt to survive, especially in the industrial Midwest. In Michigan, a yacht-building company started a new venture in the wind-energy industry to keep its factory open.
In 2005 and 2006, Tiara Yachts was operating at full capacity, turning out about 400 yachts per year, with most of them going for around $1 million each. To keep up with demand, the company nearly doubled its manufacturing space in Holland, Mich. READ MORE