Colorado Legislators Boost Aviation | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 07.21.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.21.14 **
** Airborne 07.18.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.18.14 **
** Airborne 07.16.14--CLICK HERE! ** HD iPad-Friendly Version--Airborne 07.16.14 **

Mon, May 09, 2005

Colorado Legislators Boost Aviation

Bill Waiting On Governor.

Colorado legislators in both the house and senate have passed a bill offering economic incentives for aircraft manufacturers in the state. The bill will take effect on New Year's Day if approved by Gov. Bill Owens.

Rep. Alice Borodkin, D-Denver, and Sen. Lewis Entz, R-Hooper sponsored the bipartisan bill. It will create economic development zones at airports across the state, qualifying aircraft companies for up to $1,200 in tax credits for each new job created. Companies who register with the state and employ more than nine workers can save up to $2 million annually.

Colorado wants to compete with New Mexico and Utah for aviation companies. The supporters of the bill believe that it could create up to 1,000 new jobs.

"Air transportation in all its forms, including manufacturing, is one of our nine employment clusters where we have a great opportunity to grow jobs in metro Denver," said Tom Clark, executive vice president of the Metro Denver Economic Development Corp to the Rocky Mountain News. "This sets the stage for us to retain companies that are here and sends a signal to the marketplace that we want these types of companies to locate here."

Aviation Technology Group Inc. is considering Colorado and other states for a 100,000-square-foot factory that eventually will employ several hundred workers to build the two-place Javelin. ATG hopes to have the plant running in 2006.

ATG had planned to put the plant in Albuquerque, but is now looking at other areas, including Colorado.

"Until this gesture, Colorado really didn't have the tools to work with companies like ours," said George Bye, ATG's chairman and CEO to the Rocky Mountain News. "This legislation is very timely. I think Colorado has a great chance (of landing the new plant), and this really helps us in that decision process."

ATG is considering locating the plant at its Centennial Airport headquarters or at Front Range Airport just east of Denver. It is also still looking in New Mexico and Utah.

Adam Aircraft could also benefit if it decides to expand its Colorado facilities.

"It's obviously a very modest bill," said Robert Olislager, Centennial Airport administrator. "But considering this is the only economic development bill the state legislature passed this year, we think, nevertheless, it's a giant step forward."

FMI: www.leg.state.co.us, www.avtechgroup.com

Advertisement

More News

NBAA Establishes New Weather Subcommittee

FAA Officials On Hand For The Announcement Of The Group NBAA President and CEO Ed Bolen on Monday announced the formation of a new NBAA group focused on improvements in aviation we>[...]

U.S. House Hearing Will Examine State Of U.S. Aviation Manufacturing

Witness List Includes AEA's Blakey, GAMA's Bunce The Aviation Subcommittee of the U.S. House Transportation Committee, chaired by Congressman Frank LoBiondo (R-NJ), will hold a hea>[...]

ANN's 'Who's Who' At Oshkosh: Katherine Tryon

Introducing Staff, Stringers, Videographers, And People Who Make It All Work Anyone who's ever been to Oshkosh knows that there are hundreds of events and activities as well as ten>[...]

Appeals Court Says FAA May Not Prevent Texas EquuSearch From Using Drones

Once Again, A Federal Judges Has Ruled That The FAA Cannot Stop The Use Of Commercial Drones Unless They Are Enforcing Published Regulations ... The FAA Has A Differing Opinion Ear>[...]

ANN's Daily Aero-Linx (07.23.14)

Expert Craft Building or restoring your own airplane, or even considering a homebuilt project? This site allows you to keep a complete online log of your project, complete with not>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC