On Thursday morning, the Colorado Economic Development Commission (EDC) approved $1.7 million for West Star Aviation toward the construction of a new $16 million aircraft maintenance facility by the Grand Junction Regional Airport. The new facility is expected to create 110 net new jobs with an annual average wage of $51,318, which is 111% above the current average annual wage in Mesa County.
The incentive package includes $1.45 million in Colorado job growth incentive tax credits, paid out over an eight-year period that kicks off when the company creates and maintains 20 net new jobs. The remainder will be paid out in cash incentives via the state’s Strategic Fund. The Grand Junction Economic Partnership (GJEP) and Industrial Developments Inc. will provide match funding for the Strategic Fund dollars.
West Star Aviation has been in the Grand Valley for over 70 years and is the largest employer in Mesa County outside of our hospitals and public sector – the company’ reports 531 people employed in Grand Junction today. The deal not only secures a significant expansion of the company but ensures West Star Aviation can remain a pillar in our community and for the aviation industry for years to come.
Updated 2.20.2022
Recent Comments