Feb 6, 2007

Another Win For North Carolina

It is rumored that HondaJet will be announcing the opening of a manufacturing facility, at the Piedmont Triad International Airport. Drawing the company there was a combined effort of the cities of Greensboro, High Point and Winston-Salem along with Guilford County. Besides a Department of Commerce Grant it is estimated that the communities will contribute combined incentives of an additional $1.4 mil for the 300 to 400 employee plant that will have an average annual wage of $73,000. (Wages and combined benifits)

“The stakes are so high, in fact, that local economic development officials are reluctant to even mention the HondaJet name, much less speculate on a timeline, job impact or investment. Economic developers say they are honoring Honda's request to keep all details quiet while negotiations are under way.”

“What is known is that the Piedmont Triad Airport Authority has applied for a $2.7 million grant from the state Department of Commerce as part of a program called the 2006 Economic Development Reserve grants.”

Resourced from: The Business Journal of the Greater Triad Area - February 2, 2007 by
Matt Harrington and December 29, 2006 by Eric Olson