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Lakin Boatworks LLC Looks to Crowd-Fund New Boat Mold

Thursday, May 01, 2014

 

After building a successful catamaran style boat known as the BeachRay for the past two and a half years, Lakin BoatWorks LLC is looking to expand their operation.

A company born and raised in East Greenwich, Lakin Boatworks LLC is looking to crowd-fund the construction of a new mold through a Kickstarter campaign. The new mold would allow for boats to be built faster and more consistently.

Andy Deutsch, the company’s Vice President, describes the boat as a safe and comfortable deck that allows for its owner to swim, fish, relax, and a host of other options. Because of the boat’s light and simple design, the boat can be taken apart with three basic tools in a matter of minutes, can be towed behind the smallest of vehicles, and also offers a range of customizable options. 

“This boat isn’t designed to compete with a mega yacht or anything like that, it is meant to compete with a jet ski or something smaller,” said Deutsch. “It’s a great design because it’s so user friendly and offers a host of options for its users. This boat design has so many different purposes; you can fish, or put a few chairs on it and have a night date, or put around for a bit and then go swimming.” 

Although hoping that the Kickstarter campaign is successful, Deutsch admits that the purpose of the Kickstarter campaign is more about building a reliable product than expanding the business. With the goal of the company revolving more around the local economy and people’s passion for boats and the ocean, Lakin Boatworks LLC prefers to stay focused on being a locally owned and operated business. 

“This was a company and a boat design that really started as a passion project,” said Deutsch. “We are looking to take it step by step and hope that through this project we can share our love of the water with as many people as possible.”
 

 

Related Slideshow: 13 Biggest Business Stories in RI in 2013

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13 Best Biz Cities in RI

GoLocal's examination of the Best Cities and Towns to do business in RI explored new ground for companies looking to relocate or expand.

Our researchers culled municipally-distinct data on tax rates, workforce availability, cost of living index, economic indicators for short term and long-term job growth, even average driving time to TF Green Airport, to quantify a blend of factors that make for a pro-business environment. Because every city and state in RI complies by statewide measures, those metrics weren't included in GoLocal's research.

READ THE STUDY

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GoLocal covered the demise of the building throughout the year.

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The promotion launched on GoLocalProv showed the world of advertising has changed forever. 

Launched one minute and thousands sold out nearly instantly.

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10 New England's Business

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One massively wide-read story was one that pivoted off the data of the Milken Institute and its rankings of all the cities in America.

The Best-Performing Cities study is published annually in order to highlight the cities and metropolitan areas in the U.S. that are prospering, and to point out those that are struggling from a structural point of view. By examining job, wage, and technology metrics over a five-year period, the publication utilizes a data-driven approach to provide a comprehensive measure of economic strength.

See which New England cities ranked best overall--both in the 200 largest metros pool and the 176 smallest metros pool.

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9 Arcade is Back

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According to a study by Bryant University:

 

• Generated $80.04 million in revenue, including $22.06 million in sales in the state of Rhode Island, $51.42 million in sales in other U.S. states, and $6.57 million in exports.

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2 Unemployment

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1 Demise of Newspapers

In the past year, the Providence Journal has laid off, demanded buyout or pushed retirements of over 50 reporters, editors and photographers - a staggering percentage of the newsroom.

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Speaking of the Boston Globe, Red Sox owner John Henry bought the Globe from the New York Times for $70 million which represented a 97% loss in value for what the NYTimes had paid for the Globe and other related media.

As GoLocal's Pultizer Prize winning reporter Dean Starkman has written repeatedly about the need for media to invest in content. His words seem to fall on deaf ears.

 
 

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