Sunday, July 22, 2012

Alabama Airbus Plant Shows Fierce Competition Among States

The state of Georgia has placed a large focus on recruiting aerospace investment.  The Peach State already hosts more than 500 industry-related companies employing more than 85,000 workers,  according to the Georgia Department of Economic Development.

State officials there are wondering what's next for them as other states in the Southeast see the potential benefits of investment by the aerospace industry, which often brings both high-paying jobs and multi-million dollar facilities.

Alabama Gov. Robert Bentley recently announced Airbus' planned construction of the $600 million aircraft manufacturing and service facility in Mobile, Ala.

The Airbus facility at the Brookley Aeroplex in Mobile will be the company’s first U.S.-based production facility and is expected to create up to 1,000 jobs when it reaches full capacity, according to the Alabama Department of Commerce.

To secure the Airbus deal the state provided incentives valued at more than $158 million over the next five years from local and state development agencies as well as the Mobile Airport Authority. Airbus will also be receiving services valued at more than $51 million over a several-year period through the Alabama Industrial Development Training (AIDT) program. More here.

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