Flamingo Marine to open Germantown facility in TID #8; village highlights economic benefits
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Summary
Village president announced that Flamingo Marine will relocate to a new Germantown facility in Tax Increment District 8, projecting an initial single shift with 50 workers in 2026 and employment rising to 113 by 2027; the move is expected to accelerate TID closeout and add impact and tax revenues to village coffers.
In his opening report, the Village president announced that Flamingo Marine has selected a site in Germantown’s TID No. 8 to establish a manufacturing operation and expects to begin with a single shift employing 50 workers. The company projects employment will grow to about 113 workers by 2027 and plans to produce approximately 450 boats in 2026, with an expansion of 58,000 square feet in 2027 to increase output to more than 1,000 boats.
Village staff said the development will generate one‑time impact fee revenue (estimated at about $300,000 in staff materials) and recurring property tax revenue for Germantown and overlapping jurisdictions; earlier packet figures estimated roughly $44,000 per year to the village under prior assumptions and roughly $130,000 year‑over‑year distributed across jurisdictions. Village officials thanked Economic Development Washington County for assistance.
President Soderbergh framed the announcement as a local economic win and said the developer’s project will help close out TID #8 sooner than planned.
