Midway Aircraft Instrument Corporation, a company that performs maintenance and repairs on aircraft systems components, will invest $2.3 million locate a new facility in Union County, North Carolina, with plans to create 36 jobs over the next three years in Monroe.
The project was made possible in part by a $12,500 grant from the One North Carolina Fund, said Gov. Bev Perdue. “North Carolina has a skilled, trained workforce and strong business climate that continues to attract the leading aerospace and aviation companies.”
Midway Aircraft Instrument Corporation, headquartered in Little Ferry, New Jersey, overhauls, repairs and performs scheduled maintenance on a wide range of aircraft equipment.
“We carefully studied many potential locations for our business. Our decision to relocate to Monroe, North Carolina is due to the favorable business economics, the international airport in nearby Charlotte and the opportunities presented by the growing aviation community there,” said Terry Bacola, president, Midway Aircraft Instrument Corp. “The cost reductions realized from this move will allow us to compete and grow in markets where we previously could not. Both the state and local governments have done a great job in supporting our decision to choose Monroe.”
“Midway Aircraft Instrument Corporation’s new facility will be a great addition to North Carolina’s growing and respected aerospace and aviation sector,” said Sen. Tommy Tucker, of Waxhaw. “North Carolina will continue to attract the technology-driven jobs of the global economy.”