Mon, Feb 21, 2011
Hi-Tech Jobs For WI -- Racine Invests In Building A Promising
Business
The Racine City Council on Wednesday approved a $1.2 million
low-interest loan for DeltaHawk Engines, Inc., which plans to
manufacture a family of 2-12 cylinder engines for the general
aviation industry. The two-percent loan will be provided in
$400,000 increments over three years, and is tied to facility
improvements on DeltaHawk's future manufacturing plant in Racine.
The Racine Redevelopment Authority unanimously approved the loan
last Thursday, paving the way for the Council vote this past
week.
"We're excited that the City of Racine has taken the initiative
to help us grow our operation and create new jobs in the
community," said Dennis Webb, President of DeltaHawk Engines,
Inc.
After several years of research and advanced development, Delta
Hawk is excited about the next chapter in their development as a
company.
"The financial support of the City of Racine, Racine County,
Racine County Economic Development Corporation and the State of
Wisconsin puts us on the path to be a global leader in the
development and manufacturing of diesel engines for the aviation
industry," said Webb.
This announcement comes on the heels of the State of Wisconsin's
announcement last week that it is also making an investment in the
company through the Wisconsin Department of Commerce by providing a
$720,000 low-interest loan. As it expands operations and ramps up
manufacturing, DeltaHawk expects to create more than 100 jobs over
the next three years.
Founded in 1996, DeltaHawk Engines, Inc. is a manufacturer of
innovative, lightweight, fuel-efficient engines for the commercial
and general aviation industry.
More News
From 2023 (YouTube Version): Legacy of a Titan Robert (Bob) Anderson Hoover was a fighter pilot, test pilot, flight instructor, and air show superstar. More so, Bob Hoover was an i>[...]
Get The Latest in Aviation News NOW on Instagram Are you on Instagram yet? It's been around for a few years, quietly picking up traction mostly thanks to everybody's new obsession >[...]
Aero Linx: B-52H Stratofortress The B-52H Stratofortress is a long-range, heavy bomber that can perform a variety of missions. The bomber is capable of flying at high subsonic spee>[...]
Altimeter Setting The barometric pressure reading used to adjust a pressure altimeter for variations in existing atmospheric pressure or to the standard altimeter setting (29.92).>[...]
"Knowing that we play an active part in bettering people's lives is extremely rewarding. My team and I are very thankful for the opportunity to be here and to help in any way we ca>[...]