Guilford OKs Incentives To Lure Maintenance Facility to PTIA
Apr. 21—GREENSBORO — The Guilford County Board of Commissioners on Thursday approved incentives worth up to $308,879, plus a $124,000 local matching fund utility grant, to entice Marshall Aerospace USA LLC to Greensboro.
The board vote 8-0 for the incentives; Commissioner Pat Tillman was not present for the vote.
The British company is considering building a new maintenance facility at Piedmont Triad International Airport, in addition to other options within the United States.
The facility is expected to generate approximately $50 million in capital investment and 240 new full-time jobs, according to county documents.
The move comes on the heels of the Greensboro City Council's approval of up to $240,000 in incentives for the company.
The average wage for the new full-time positions would be approximately $73,250 with additional benefits and no new jobs will pay below $15 per hour, according to city documents.
The new facility would allow the company to better meet the C-130 aircraft maintenance requirements of the U.S. military. Marshall Aerospace expects to create the new jobs by Dec. 31, 2027.
The company also is eligible for an additional $250 incentive per job from the city for any new employee whose permanent address is located in an " Impact Zone" or who is hired through NCWorks Career Centers.
The city included a claw-back provision in its agreement that requires the new jobs be maintained for a certain period of time (not yet specified) and at least $50 million in capital investment expended.
A state Commerce Department incentive package also is likely from the Job Development Grant program.
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