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Area Development - Site Selection, Facility Planning and Workforce Development

Valent Aerostructures Investing Up to $20M in Washington, Missouri

09/20/2010
Valent Aerostructures will invest up to $20 million in Washington, Missouri, to build a new manufacturing facility. The project will create 100 jobs in the next three years, and retain another 120 existing positions.

"Having existing Missouri companies such as Valent Aerostructures decide to stay and increase their investment in the Show-Me State is imperative to the long-term health of our economy," said Governor Jay Nixon. "We are pleased that a strategic package of state economic incentives helped make this expansion a reality, and thrilled that this successful business will be a presence in Franklin County for years to come, employing hundreds of hardworking Missourians while manufacturing a quality product."

Missouri extended Valent $1.7 million in Missouri BUILD incentives and $1.2 million in Missouri Quality Jobs tax credits. The company will also receive $275,000 in New Jobs Training Program funding, $112,500 in Recruitment Assistance, and energy and sales tax exemptions.

Valent supplies assemblies and produces components for aerospace clients including Boeing, Spirit Aerosystems, Lockheed Martin, GKN, and Gulfstream.

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