GREENSBORO, N.C.-- Monday morning HAECO Americas solidified itself as a dominate aviation company committed to staying in the Piedmont Triad.

Read: Aviation In The Triad

Company representatives with the aviation maintenance company announced plans for a new hangar. It will be the fifth one in the Triad.

They new hangar is a $60 million investment and will bring another 500 jobs to the area.

Read: Aviation Day

Mayors from Greensboro and High Point attended the groundbreaking ceremony to thank HAECO for expanding here.

NC Governor Pat McCrory also attending the ceremony and said thanks to companies to HAECO the state's unemployment rate will decrease.