Kinston Catches Spirit AeroSystems; Plant Will Build Airbus Fuselages
Kinston Catches Spirit AeroSystems; Plant Will Build Airbus Fuselages Save Email Print
Posted: 8:07 PM May 13, 2008
Last Updated: 8:36 PM May 14, 2008
Reporter: Bill Wilson

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It's confirmed, the Global TransPark has landed its first major tenant.

Spirit AeroSystems will locate an aircraft component plant at GTP, employing some 1,100 workers.

Governor Mike Easley made the announcement this morning at GTP.

Lenoir County commissioners met this morning, prior to the official announcement. The county will give the company tax incentives of some $16-million over the next 20 years.

Lenoir County has been working for the past 18 months to 2 years to land Spirit. County commissioners were told the company plans to invest $668 million into their new plant over the next 20 years.

The state Commerce Department said Wednesday that Spirit has agreed to hire 1,031 workers over five years at a new facility it will build at the state-owned industrial park.

The jobs at the aircraft parts supplier will pay an average of $48,122 annually, compared with the average yearly wage of $27,042 in Lenoir County. The state is offering Spirit an incentive package worth more than $20 million, payable over 12 years.

The company plans to make fuselages for the Airbus A350 XWB at the TransPark. The company says the Kinston location will give it better access to Airbus.

Spirit says it will hire 500 people initially, then employ up to a thousand workers when the facility is completed.

State Incentives

To land Spirit, the state had to offer them millions of dollars in incentives and grants.

Those include:

$5 million grant from the state’s One North Carolina Fund,
Up to $20.23 million in a Job Development Investment Grants
$100 Golden LEAF Foundation grant for the GTP Authority to construct the initial buildings for the new Spirit facility.

PREVIOUS STORY

There is widespread speculation that Kinston's Global TransPark will get it's first substantial tenant today, after years of false starts.

This evening Lenoir County's economic developer said there would be an economic development announcement at the GTP Wednesday morning at 11:00 a.m.

At that announcement will be Governor Mike Easley, along with members of the North Carolina Department of Commerce, the Golden Leaf Foundation and other city and county leaders.

Several newspapers have reported that Spirit AeroSystems, a Wichita, Kansas based supplier of commercial airplane assemblies and components, would build a $600 million plant at the TransPark. Spirit is expected to initially have 1,100 employees and could grow several times that down the road.

Kinston City Council, Lenior County Commissioners, and members of the GTP board all have special meetings scheduled for 9:45 a.m. and 10:00 a.m. to discuss "economic incentives" and "industrial recruitment".

The TransPark was created in 1991, but has never really taken off. FedEx decided to locate in Greensboro in 1998 with it's hub, while GTP was considered by Boeing five years ago for an aircraft assembly plant.

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Comments are posted from viewers like you and do not always reflect the views of this station.
Posted by: Rob Location: NC on May 20, 2008 at 02:31 PM
In an area where mowing grass, selling drugs and "hustlin' on the side" are considered skilled labor, this is a good thing. It's about time.

Posted by: Chris Location: Greenville on May 14, 2008 at 02:17 PM
This is great news for Kinston and Eastern NC! A MAJOR employer locating at the GTP is a wonderful opportunity for us!

Posted by: m Location: eastern nc on May 14, 2008 at 01:13 PM
it's good to see some progress at the gtp. i remember when it first came that everyone i knew saw it as a joke. all these years and hardly anything to show for it and i was starting to see that perhaps it was a joke. hopefully now after this company starts to take off, then it will help attract others as well.

Posted by: Joseph Location: Kinston on May 13, 2008 at 08:28 PM
I live in Kinston and if this is found to be actually true then I am happy. I hope that this not another situation of a great idea that does not take off of the ground. I am not sure why Kinston is cannot attract businesses and grow like everyone else. If we could get rid of all of "good ole boys" mantality we could prosper greatly.

Posted by: Will Location: Kinston on May 13, 2008 at 08:17 PM
That's great news for Kinston if they're really coming! All that $$$ for the TransPark may finally pay off.


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