AeroRepair Corp. Opens Satellite Facility In Indianapolis, Indiana
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.
Why are Foreign Trade Zones Making a Comeback?
The New Normal in the Automotive Supply Chain
2020 Auto/Aero Site Guide
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Infrastructure Investment as an Economic Stimulus Tool
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Nondisclosure Agreements Best Practices When Negotiating Incentives