On Monday, the Ohio Tax Credit Authority approved a 1.867 percent, 10-year job creation tax credit for the project. The estimated value of the credit is $2 million, according to a spokeswoman for the Ohio Department of Development.
“Following a nationwide search to find the location best suited to meet (Sierra Nevada’s) growing customer needs, we are excited to continue our expansion in the large aircraft MRO field in Dayton and the Miami Valley,” said Mark Williams, Sierra Nevada senior vice president strategy.
Questions were sent to a Sierra Nevada representative Monday afternoon for more details on the project.
The Dayton Development Coalition plans a groundbreaking tied to the project after its annual meeting Wednesday.
“This is a great day for the Dayton International Airport and the Dayton community,”Airport director Gil Turner said in Monday’s announcement. “The economic growth the airport and surrounding communities will see because of this project is likely to be substantial. Not to mention that Sierra Nevada’s new hangars are going to be a sight to behold.”
The 16-acre airport site brings a “modern, large-scale aviation center” to the Dayton area, the state said.
Construction has started on the first facility and will continue this year.
The aviation facility will be capable of supporting some of the largest aviation projects in the world, the state and advocates said. In addition to passenger operations, the airport has three large runways, more than 5 million square feet of total ramp space, and all on-site aircraft support services needed to complement the new hangars.
“This is incredible news for our airport, our county and our entire region,” said Montgomery County Commission President Carolyn Rice.
“This is a great day for the Dayton International Airport and the Dayton community,” said Dayton Mayor Jeffrey J. Mims, Jr. “I look forward to the jobs and economic growth Sierra Nevada will create for the surrounding community.”
“The Dayton region is home to some of the most advanced aviation and national defense facilities in the country, and they are uniquely positioned to welcome this major aerospace and defense company,” said Ohio Lt. Gov. Jon Husted. Sierra Nevada “coming to Dayton not only builds upon our rich legacy, it’s also another economic development win for Ohioans who will benefit from the opportunities and jobs that result from this project.”