Source: Defense contractor Marshall Aerospace is coming to Piedmont Triad International Airport in Greensboro by Steve Doyle
GREENSBORO, NC—Marshall Aerospace, a UK-based military aircraft contractor, will bring hundreds of high-paying jobs for a maintenance facility it will build at Piedmont Triad International Airport.
The Economic Investment Committee of the North Carolina Department of Commerce approved grants totaling $3.8 million to ensure Marshall would invest $50 million to build a C-130 maintenance facility at PTI. This is not a huge surprise, given that Greensboro and Guilford County already had approved $550,000 in additional grants and that Marshall had made known its interest in Greensboro. PTI has scheduled for later today.
Marshall, which provides maintenance, repair, and overhaul for the C130 aircraft flown by the United States Marine Corps, among other contractors, would build a facility with six repair bays and a plan to expand to eight in Phase 2 to serve existing and future contacts, the EIC was told.
The Walden projection of economic impact suggests that, by 2035, the venture will add $1.9 billion to the state's gross domestic product and contribute $53.8 million to state revenue.
The company considered more than 30 locations and narrowed its finalists to Alabama, Kansas, Missouri, and North Carolina sites. The Department of Commerce said that factors in that decision were workforce, training & development, supply chain links, and the political and economic landscape.
"The aviation and aerospace sector continues to prove its significant role in the North Carolina economy," Commerce Secretary Machelle Baker Sanders said in the release. "Companies worldwide like Marshall Aerospace respect and are rewarding our state's commitment to the specialized workforce development programs that bring success in today's global economy."
Gov. Roy Cooper said the state's reputation in the aerospace category "continues to grow worldwide." Marshall will join Boom Supersonic, HondaJet, Cessna, HAECO, FedEx, and numerous other aerospace-related contractors at PTI.