Project Description Relocated from California to the small town of Washington, North Carolina, Pacific Seacraft was saved from bankruptcy by a father and son from NC. Stephen Brodie bought the 30-year-old company at an auction in California for only $75,000, hauled the boat molds across the country, and set out to revamp the company along the Pamlico River. To help boost the new industry in the area, the North Carolina Rural Ventures Fund chipped in a loan to help fund the start up. The funds from Rural Ventures Fund helped the Stephen and his father Reid physically move the company across the country, and finish some of the company’s stock of boat molds. Pacific Seacraft yachts sell for anywhere between 250- to 750-thousand dollars.