x
Breaking News
More () »

'It is a good thing' | City, county leaders pass incentives to get Boom Supersonic to Greensboro

Financial support from the city and county helped land the airplane manufacturer.

GUILFORD COUNTY, N.C. — To get Boom Supersonic to Greensboro, the state of North Carolina, Guilford County, and the city of Greensboro had to offer incentives. Financial support from the city and county helped land the airplane manufacturer.

Guilford County commissioners and city council members voted unanimously to approve incentives for Boom Supersonic Wednesday morning.

RELATED: 'This is not the last of the big announcements' | Guilford County prepares for a major economic boost at PTI airport

"The incentives we would give them 80% of their approximate $12 million that they will possibly be paying for personal taxes and property taxes," Guilford County Commissioner Chair Skip Alston said. "We'll do that for 10 years, meaning that they will have to pay in the taxes first, and they would get back 80% of what they paid in for 10 years."

The city of Greensboro is also offering up some incentives.

The city's incentive grant will offer $1,500 per job, which will add up to about $2.5 million for the airplane manufacturer.

 

"It is a good shot in the arm for the community to have all of these great announcements," Greensboro Mayor Nancy Vaughan said. "I think it's really affirming."

RELATED: Boom Supersonic bringing 1,700+ high-paying jobs to Greensboro

The city and county said it's exciting to have this project finalized.

"It is a good thing, and people see it," Alston said. "This will hopefully attract even more businesses like this and be able to spin off for other companies to come."

"It really feels good. Especially on the heels of the Toyota announcement," Vaughan said. "It shows that our region really has a lot of momentum, and there are people looking at our region from around the world."

Vaughan gave several reasons why the Triad was desirable to Boom Supersonic.

"Our cost of living, our amenities, our workforce development really is the total package," Vaughan said.

RELATED: 'The options are unlimited' | A look at the 1,800+ acres of land at the Greensboro-Randolph Megasite

The hope is the growth won't stop after landing Boom Supersonic. City and county leaders said there could be more announcements like this one down the road. They just wouldn't share any specifics.

"There will always be more, hopefully, things coming to Guilford County, so we're on the move," Alston said. "Guilford County has really been aggressive about going after businesses like Boom Supersonic, and we're going to be doing more, so yeah, there's more to come."

Paid Advertisement