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Area Development - Site Selection, Facility Planning and Workforce Development

L2 Aviation Plans Boone County, Kentucky, Production Operations

12/21/2024
L2 Aviation, an avionics design, consulting, manufacturing and engineering company, plans to establish hangar and production operations in Boone County, Kentucky. The $12.2 million project is expected to create 250 jobs.

The investment will include two new facilities at CVG International Airport which will allow the company to increase production, storage and overall operating efficiency. Operations are scheduled to begin by the end of 2025.

“On behalf of all of L2 Aviation, I would like to extend our heartfelt thanks and commendation to the state of Kentucky, the CVG Airport Authority and BE-NKY for their incredible support in helping us realize our vision of establishing a footprint at CVG airport,” said L2 Aviation Chief Operating Officer Tony Bailey. “Their unwavering commitment to fostering growth and creating a welcoming business environment has made this milestone possible. We are thrilled to join this thriving community and look forward to contributing to its continued success while advancing our mission to deliver unparalleled aviation solutions. Thank you for making this journey possible.”

To encourage investment and job growth in the community, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved a 10-year incentive agreement with the company under the Kentucky Business Investment program. The performance-based agreement can provide up to $3.5 million in tax incentives based on the company’s investment of at least $6.6 million and annual job and wage targets.

“The continued expansion and versatility of Kentucky’s key industries is among our state’s greatest economic strengths,” noted Governor Andy Beshear. “Our aviation and aerospace sector has seen tremendous growth in recent years, and this investment from L2 Aviation will not only add to that but, more importantly, it will bring hundreds of job opportunities to the Northern Kentucky region. I want to thank the company’s leadership for their commitment to Kentucky and welcome them to their New Kentucky Home.”

By meeting its annual targets over the agreement term, the company can be eligible to keep a portion of the new tax revenue it generates. The company may claim eligible incentives against its income tax liability and/or wage assessments. In addition, L2 can receive resources from Kentucky’s workforce service providers. Those include no-cost recruitment and job placement services, reduced-cost customized training and job-training incentives.

“We actively collaborate with the CVG team to bring maintenance and repair operations, manufacturing and aviation support projects to the Cincinnati region,” added BE-NKY Growth Partnership CEO Lee Crume. “With CVG’s successful expansion of passenger and cargo service, there is tremendous opportunity to bring new companies and high-potential careers to Northern Kentucky.”

L2 Aviation offers avionics design, consulting, engineering, manufacturing and installation. The company supports a range of aviation modification and certification projects and develops FAA Supplemental Type Certificates for commercial aviation, avionics original equipment manufacturers, business aviation, air cargo and military applications.

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