Harbor custom development, inc. downsizes land development infrastructure division - reducing head count by 56%

Tacoma, wash., march 06, 2023 (globe newswire) -- harbor custom development, inc. (nasdaq: hcdi, hcdip, hcdiw, hcdiz) (“harbor,” “harbor custom homes®,” or the “company”), an innovative real estate company involved in all aspects of the land development cycle, today announced the company has downsized its land development infrastructure division, reducing the company's total head count by 56% since q3 while selling off $7.5 million in heavy equipment that was previously utilized by the land development infrastructure division.
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