SUMMERVILLE, SC – Womble Carlyle wishes congratulations to Scout Boats and Steve Potts, CEO, on the company’s upcoming expansion. Scout Boats announced today it will add as many as 370 new jobs to the Columbia, SC area. Congratulations also go to economic development attorney Stephanie Yarbrough who represented Scout Boats in the company’s economic development incentives requests as it looks to expand its Dorchester County operations to the tune of $10.9 million in capital investment.
The South Carolina Coordinating Council for Economic Development has approved job development credits related to this project. A $350,000 Set Aside grant was also awarded to Dorchester County for road improvements associated with this project.
Yarbrough called Scout Boats an incredible South Carolina success story, noting Potts’ leadership as an owner and CEO.
“Steve’s leadership in manufacturing and in the boat industry is impressive, and it is an honor to work with him,” she said. “Having the opportunity to both help a business grow and add jobs to the community is truly an honor and why I love my job.”
Founded in 1989 and headquartered in Summerville, S.C., Scout Boats designs and manufactures a wide variety of luxury coastal fishing boats. The expansion includes a new 120,000-square-foot facility, designed to accommodate the company’s new 53-foot yacht model, as well as production of multiple other new boat models. Scout Boats’ products can be found in more than 70 dealers across the nation and the world.
Stephanie Yarbrough’s practice focuses on guiding clients in economic development and general corporate matters. She works closely with domestic and international companies seeking to expand or relocate operations to the Carolinas and the Southeastern United States. She works with new and expanding businesses in identifying and negotiating incentives and in drafting all related documentation for Fee-in-Lieu of Tax Agreements, state grants, job tax credits, job development credits, utility grants and many other economic development incentives and grants. During her professional career, she has structured many of the major economic development deals in South Carolina.