VLJ Start-up Drawn to Oklahoma

 - September 26, 2006, 11:37 AM

The Guthrie, Okla. Industrial Development Authority is giving Excel-Jet, developer of the four-seat Sport-Jet single-engine very light jet (VLJ), up to $5 million in incentives to relocate its facility from Colorado Springs, Colo., to Guthrie. Excel-Jet plans to move within 90 to 120 days, shortly after the expected first flight of its VLJ.