Thu, Oct 14, 2010
Company Hopes To Bring 200 Jobs To The Region
Wednesday evening at a public hearing of the Montrose County
Commissioners, the Extra Aircraft assembly plant was approved by a
unanimous vote of the county’s three commissioners. Extra and
the Commissioners worked together to restructure the originally
proposed incentives to respond to suggestions made during the due
diligence process.
Extra EA-500
Extra aircraft has also obtained the support of the Montrose
Economic Development Corp., the City of Montrose , the State of
Colorado and Region 10 to bring over two hundred jobs to the
Region.
As recently as September, the county had asked for additional
time to study the issue. This unanimous vote comes almost exactly a
month after questions were raised about incentive packages and a
land sale.
Wednesday night, the County agreed to build and lease a twenty
five thousand square ft facility on eight acres of airport
property. Included in the approved arrangement is the agreement to
build additional square footage as Extra’s sales demand
increases over time. Ken Keith, owner of Extra aircraft said after
the final vote was approved “This is a great day for both
Extra Aircraft and the citizens of Montrose. We have almost four
hundred employment applications from the community and this is
great news for those people who have been waiting for this process
to come to fruition. We have all worked together to reach a
mutually beneficial agreement. Now we are excited to start the
process of opening up in Montrose.”
The Extra 500’s advanced all-carbon-fiber fuselage and
wing will be crafted by the Extra factory in Dinslaken, Germany
then shipped to Montrose for final assembly and completion to each
customer’s specifications. Extra’s Montrose team will
install the new Rolls Royce M250-B17F turboprop engine and the
new-generation Avidyne Entegra Release 9 (R9) avionics suite into
each aircraft.
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