SyberJet
Project Name
Lady Hawk
Date Announced
2Q 2013
Site
Cedar City, Utah
Competition
Texas
"Our decision to locate the SJ30 assembly facility and SyberJet headquarters in Utah is a result of the incentive package offered by local and state officials and the pro-business climate that exists in the state." -- David J. Grant, Chairman
Jobs
1,200
Investment
$300 million
Square Footage
300,000 SF
Incentives
This project was highly competitive, and MSC has other facilities in Texas. The GOED Board of Directors has approved a 20-year Economic Development Tax Increment Financing (EDTIF) post-performance refundable tax credit of $32 million for MTI and SJA, or 25% of the $127 million in new state tax revenues which will be collected by the state.
Related Articles
New Additions Fly High in the Aerospace Industry, Utah Governor's Office
SyberJet Aircraft Announces Cedar City, Utah as the Location for its Headquarters and New SJ30 Assembly Plant, SyberJet.com
SyberJet Accepts Tax Incentives, Headquarters in Cedar City; 1200 New Jobs, St. George News