Montrose

October 12, 2010 - 12:37pm

Tomorrow night the Montrose County (Colo.) Commission will consider a revised incentive package aimed at luring Extra Aircraft to build an assembly plant there for its all-composite EA-500 turboprop single. The original deal involved a land transfer that required the county to pay Extra $2.2 million for donated land and provide other incentives, essentially capitalizing a large share of the company’s site start-up costs.

September 30, 2010 - 12:24pm

The deal to build an Extra EA-500 assembly plant in Montrose, Colo., has hit a significant snag. Earlier this summer, the company announced plans to assemble the $1.65 million single-engine turboprop at a site on the Montrose Airport and potentially hire up to 100 employees, but now county manager Jesse Smith maintains that the county cannot provide a key element of a $2.6 million incentive package–cash.

 
X