AeroRepair Corp. Opens Satellite Facility In Indianapolis, Indiana
01/13/2015
The Londonderry, New Hampshire based company, in partnership with its sister company Hemico, Inc., will invest $670,085 to lease, renovate and equip a more than 11,000 square-foot facility at 1810 S. Lynhurst Drive in Indianapolis, within three miles of Indianapolis International Airport.
The facility, which opened in November, will allow the company to begin offering full-service aircraft brake, wheel and landing gear repairs and overhauls for regional, general and corporate aircraft throughout the Midwest.
“Our new facility in Indianapolis is the next step in the expansion of our network of MRO services and parts distribution,” said Daniel Bell, CEO of AeroRepair Corp. “It was a substantial investment in the future of AeroRepair Corp. The selection of the facility and its location enable the company to provide industry-leading turnaround times while adhering to the highest quality standards. We look forward to growing our presence throughout the Midwestern region.”
“Companies like AeroRepair are soaring into the growing business community surrounding Indianapolis International Airport,” said Victor Smith, Indiana Secretary of Commerce. “With new direct flights added to Indiana airports with rising frequency, no more than a few hours now separate Hoosier businesses with partners and clients around the nation. That’s attracting out-of-state firms like AeroRepair to Indiana and propelling the future of our growing economy.”
The Indiana Economic Development Corporation offered AeroRepair Corp. up to $190,000 in conditional tax credits and up to $50,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis supports the project at the request of Develop Indy, a business unit of the Indy Chamber.
Project Announcements
Worksport Expands West Seneca, New York, Operations
05/10/2024
Clark Gas Co. Propane Cylinder Exchange Plans Thomasville, Alabama, Distribution Operations
05/10/2024
Columbia Vehicle Group Plans Aiken, South Carolina, Production Operations
05/09/2024
FIFCO USA Expands Rochester, New York, Genesee Brewery Operations
05/09/2024
Australia-Based Fortescue Establishes Buckeye, Arizona, Green Hydrogen Operations
05/09/2024
27North Expands Springfield, Missouri, Production Operations
05/09/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Last Word: Striking a Balance - Prioritizing Electric Infrastructure While Preparing for the Next Wave of Industrial Expansion
Q1 2024