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Electric Boat Manufacturer to Build Plant in McDowell County

Forza X1, Inc., a builder of electric-powered boats, will invest $10.5 million to establish a new manufacturing plant in McDowell County, Governor Roy Cooper announced yesterday (July 28). The company will create 170 jobs in Marion.

Forza X1 and its parent company, Twin Vee PowerCats, are headquartered in Fort Pierce, Florida. Forza X1 is developing an environmentally friendly line of recreational boats that will be powered by a proprietary electric outboard motor designed and integrated with the company’s own control system. The company plans to offer a combined boat and motor package featuring lithium battery packs.

Although wages for the new jobs will vary depending on position, the average salary will be $51,047, above the current average wage in McDowell County of $39,071. The state and local area will see an additional impact of more than $8 million each year from the new payroll.

Forza X1’s project in North Carolina will be facilitated, in part, by a Job Development Investment Grant approved by the state’s Economic Investment Committee Thursday. Over the course of 12 years, the project is estimated to grow the state’s economy by $479.1 million.

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