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Greensboro Secures Expansion of HondaJet at Piedmont Triad International Airport
Greensboro, NC has scored a major victory with the announcement that HondaJet will be expanding its operations at Piedmont Triad International Airport. The president and CEO of HondaJet confirmed the news on Tuesday, solidifying the company’s commitment to the region. This expansion will result in significant job growth and a boost to the local economy.
Railcar Company Relocates Headquarters to North Carolina, Bringing Well-Paying Jobs
Adding to the positive economic climate in Greensboro, a railcar company has chosen to move its headquarters to North Carolina. State leaders have approved nearly $4 million in incentives to support the development of a new production facility at Piedmont Triad International Airport. The relocation is expected to create 280 new jobs with average salaries of almost $180,000. This presents a substantial investment opportunity for Greensboro.
Greensboro Triumphs Over Competing City in Alabama
In securing the expansion of HondaJet and the relocation of the railcar company, Greensboro outperformed Albertville, Alabama. This victory signifies the city’s appeal as a business destination and reflects positively on the local workforce and business environment.
A Result of Determination and Strategic Planning
Airport and city leaders are proud to witness these developments come to fruition, recognizing the hard work and risks taken to ensure their success. Kevin Baker, the executive director of PTI, expressed his satisfaction with the accomplishments, emphasizing that such victories often require perseverance and resilience.
The decision by HondaJet to choose Piedmont Triad International Airport as its manufacturing site for the HondaJet 2600 aircraft demonstrates the airport’s attractiveness to prestigious companies. Greensboro Mayor Nancy Vaughan highlighted the competition faced by the city, with other states vying for HondaJet’s presence. The fact that HondaJet chose to remain in Greensboro is a testament to the city’s skilled workforce and favorable business climate.
Efforts Behind the Scenes in Supporting Company Growth
The availability and usability of land has played a crucial role in attracting companies like HondaJet. Airport leaders have made concerted efforts to ensure that suitable land is available at reasonable costs and in a timely manner. The development of PTI as an aerospace manufacturing hub has relied on meeting the specific needs of industry players.
Expansion Comes with Challenges and Benefits
With growth comes increased demands on infrastructure. The expansion of aerospace manufacturing at PTI will result in more traffic at the airport and on surrounding roads. City leaders acknowledge the need for additional housing and transportation options to accommodate the workforce and increase connectivity.
However, the benefits of this expansion outweigh the challenges. Mayor Vaughan believes that the higher standard of living throughout the region and the growth in the tax base resulting from increased economic activity will eventually lead to a potential reduction in property taxes. The presence of companies like HondaJet also helps elevate wages in other industries, further strengthening the local economy.
Continued Development and Land Exploration
The successful partnerships with companies like HondaJet and the railcar company have cemented PTI’s status as an aerospace manufacturing hub. To support future growth, the airport is considering the possibility of purchasing additional land. Currently, aviation companies Boom Supersonic and Marshall Aerospace occupy about 10 percent of the available land, leaving substantial room for further expansion and development.
The developments at Piedmont Triad International Airport are testament to the city’s determination, strategic planning, and collaborative efforts with businesses. As Greensboro continues to attract new companies and grow its economy, the future looks promising for the region.
