Business Facilities - December 2007 - (Page 20)

COVER STORY 2007 Economic Development Deal of the Year Awards Greensboro, NC Lures Honda’s Project “Big Wing” Project Title: Landing HondaJet Entered by: Greensboro Economic Development Alliance nomic Development Alliance and its partners had been working with Honda to position Greensboro as the ideal location for Honda’s airplane manufacturing center. By offering a multifaceted compensation package including more than $1.2 million in incentives from the city and Guilford County, NC, plus job creation grants of $6.68 million over 12 years from the state, Greensboro beat out cities well known for aviation manufacturing. Honda Aircraft Co. CEO Michimasa Fujino says numerous factors including support from Piedmont airport, favorable weather characteristics, good accessibility and shipping logistics, and a pleasant business and living environment helped to make Greensboro an attractive location. Fujino adds, “I still remember that when I landed at Greensboro, I immediately felt something here. The inspiration was similar to what I had when I drew the very first sketch of the HondaJet.” PROJECT IMPACT ESTIMATES Economic Output (Direct): $210 M Economic Output (Indirect): $35 M Economic Output (Induced): $85 M Average salary of new jobs: $76,430 385 direct jobs created 69 indirect jobs created Impact timeframe: 5 years 4 #4801 at www.BusinessFacilities.com 20 DECEMBER 2007 IMAGE PROVIDED BY AMERICAN HONDA MOTOR CO., INC. AND WIECK MEDIA SERVICES, INC. I n the eyes of most economic developers, securing an airplane manufacturing operation and its world headquarters is an outstanding opportunity in terms of regional impact. Therefore, it’s no wonder that Greensboro, NC expedited its incentive process and bypassed red tape when it learned the community was one of the final cities being considered by Honda Aircraft Co. for its Project “Big Wing,” a new 370,000square-foot headquarters and manufacturing complex. HondaJet first began conducting test flights at the Piedmont Triad International Airport in Greensboro in 2001. Since then, the Greensboro Eco- www.selectspokane.com http://www.selectspokane.com http://www.selectspokane.com http://www.BusinessFacilities.com

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Business Facilities - December 2007 Contents First Word Snapshots Metro Spotlight: Albuquerque, New Mexico Corporate Moves: North Carolina 2007 Ecomonic Development Deal of the Year Awards State of the Year Seeking Supply Chain Solutions Mississippi Means Business Corporate Moves: South Carolina Biomedical Momentum in Florida's High Tech Corridor Trends in Offshoring Metro Spotlight: Stillwater, OK Metro Spotlight: Atlanta, GA Advertiser Information 2007 Salary Survey

Business Facilities - December 2007

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