Submarine firm will move to Everett waterfront

EVERETT — A Seattle company that makes submarines is relocating its headquarters to Everett’s waterfront.

OceanGate, Inc. will move this spring into the Port of Everett’s Waterfront Center, where it has a five-year lease for 3,600 square fee.

The company is finishing development of its five-man submersible Cyclops. The project is a partnership between the company and the University of Washington’s Applied Physics Lab.

It will use its Everett location to complete assembly and sea trials, according to a news release from the company and the port.

“The Port of Everett represents an excellent operations location for our company,” Neil McCurdy, OceanGate’s chief operating officer, said in the release. “Due to the unique nature of the work we do, having immediate access to the water is critical. By combining multiple locations into our new space at the port, OceanGate is increasing its productivity, efficiency and effectiveness.”

With the new tenant, the port’s Waterfront Center is nearly at capacity. After Bluewater Distilling finishes its expansion in April, there will be 2,500 square feet of shop space open.

Port Commission President Troy McClelland called OceanGate “a great example of what can be accomplished when you mix entrepreneurship, science, technology and manufacturing.”

Dan Catchpole: 425-339-3454;; Twitter: @dcatchpole.

Talk to us

More in Herald Business Journal

County staff urges ‘no’ on Point Wells development proposal

County Hearing Examiner Peter Camp could decide the fate of the high-rise project this summer.

SpaceX captures the flag, beating Boeing in cosmic contest

Elon Musk’s company is the first private firm to launch a crew to the International Space Station.

Alderwood mall is ready for the governor’s green light

The Lynnwood shopping center, closed since March 24, could reopen in June. But expect changes.

Snohomish County seeks to enter second phase of reopening

The variance request will go to the state if approved by the Board of Health and the County Council.

Firm accused of violating eviction ban agrees to restitution

About 1,450 tenants, including some in Marysville, will receive rent refunds or direct payments.

Texan comes to defend Snohomish outlaw barber cutting hair

Bob Martin is defying orders to close. The man he calls his attorney didn’t go to law school.

Hundreds of masked guests line up as Tulalip casinos reopen

Tulalip Resort Casino and Quil Ceda Creek opened the doors on Tuesday after a two-month closure.

Boeing workers cope with the virus threat as layoffs loom

Five weeks after they returned to work, Boeing workers say measures inside the plants are mostly working.

Boeing cutting more than 12,000 jobs with layoffs, buyouts

The company said it will lay off 6,770 workers this week, and another 5,520 are taking buyouts.

Worst jobless rate in the state: Snohomish County at 20.2%

In April, 91,383 were unemployed in the county. The aerospace sector was hit especially hard.

Small business relief effort inundated with 850 applications

The economy in and around Everett has struggled amid fallen revenues and uncertainty about the future.

‘Hundreds of millions’ in bogus jobless benefits paid out

Washington state has been reported as the top target of a Nigerian fraud ring.