Duluth Loans Cirrus $2 Million | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.29.24

Airborne-Unlimited-04.23.24

Airborne-Unlimited-04.24.24 Airborne-FltTraining-04.25.24

Airborne-Unlimited-04.26.24

Tue, Aug 30, 2005

Duluth Loans Cirrus $2 Million

Aircraft Manufacturer Promises To Hire Up To 200 More Workers When Able

Duluth, MN, city officials Monday decided to loan Cirrus Design Corp. $2 million, extracting from the company a pledge to expand its payroll in the town by 200 if it's physically able to accommodate the increased production.

Most of the money would go toward cleaning up the Cirrus plant site, which has pollution and soil problems, according to council members.

"We're undertaking to make the site buildable for Cirrus," Duluth Economic Development Authority Board Member Tom Cotruvo told the Duluth News-Tribune.

Not all the money has yet been pinpointed though, Cotruvo admitted. The city is still trying secure a $900,000 grant from the Federal Economic Development Administration to be used for construction of a parking lot adjacent to the Cirrus plant hasn't been finalized because Congress has yet to pass final funding for the administration.

For that reason and because he said he only received documents on the Cirrus loan Friday, City Councilor Russ Stewart's was the sole dissenting vote in the 7-1 decision.

"I got a big pile of information on Friday and a lot more today," he told the News-Tribune. "I've not had enough time to digest it and feel comfortable making a multimillion-dollar decision."

The city owns the ground on top of which the Cirrus plant sits. Cirrus pays Duluth a "market-rate" lease, Cotruvo said.

FMI: www.cirrusdesign.com

Advertisement

More News

ANN's Daily Aero-Term (04.28.24): Airport Marking Aids

Airport Marking Aids Markings used on runway and taxiway surfaces to identify a specific runway, a runway threshold, a centerline, a hold line, etc. A runway should be marked in ac>[...]

Aero-News: Quote of the Day (04.28.24)

"It is extremely difficult, if not impossible, for manned aircraft to see a drone while conducting crop-enhancing and other aerial applications at low altitudes and high speeds. We>[...]

ANN's Daily Aero-Linx (04.28.24)

Aero Linx: The Skyhawk Association The Skyhawk Association is a non-profit organization founded by former Skyhawk Pilots which is open to anyone with an affinity for the A-4 Skyhaw>[...]

Aero-News: Quote of the Day (04.29.24)

“The T-54A benefits from an active Beechcraft King Air assembly line in Wichita, Kansas, where all required METS avionics and interior modifications are installed on the line>[...]

ANN's Daily Aero-Linx (04.29.24)

Aero Linx: Aerostar Owners Association The Association offers the Aerostar Owner a unique opportunity to tap an invaluable source of information concerning the care and feeding of >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC