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To Boost Tourism and Combat Erosion, This Company Is Installing Artifical Reefs in the Sea

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This story appears in the May 2014 issue of Entrepreneur. Subscribe »

A band played as The LuLu, a 271-foot retired coastal freighter, sank to the bottom of the Gulf of Mexico. But this wasn't a Titanic moment. The May 2013 event taking place 17 miles offshore was just another workday for Orange Beach, Ala.-based Walter Marine, the country's largest maker of artificial reefs.

The LuLu being sunk to the bottom of the Gulf of Mexico
The LuLu being sunk to the bottom of the Gulf of Mexico
Image credit: Walter Marine

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