The company, which is a subsidiary of Rome-based Finmeccanica SPA, is headquartered in the UK and has offices in Reston, VA, and plants and offices in Italy and the UK. It came to Philadelphia in the early 1980s, opened a 75,000-sf maintenance facility in 1988 and completed the 168,000-sf assembly addition this year.
In addition to the assembly of a growing line of commercial helicopters, this facility also provides customer support for a fleet of more than 360 helicopters in the Americas and provides flight and maintenance training activities. The new expansion will add 150 new jobs and take the company's overall local employment above 500.
The state has provided $400,000 for the project. The package includes a $200,000 opportunity grant and $200,000 in job creation tax credits. In 2004, the Governor's Action Team provided slightly more than $2 million for the $6.8-million expansion that was just completed. "It was an easy decision to allocate additional state dollars to aid in the continued expansion of this established international corporation," Gov. Ed Rendell says in a statement.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.