A startup with big plans to make hybrid-electric aircraft in Clark County has landed a state tax credit for its new headquarters.
Electra.aero, Inc. is an advanced aerospace company that's planning to produce a nine-passenger aircraft for short trips.
The project involves creating a production and assembly facility at AirParkOhio, adjacent to the Springfield Buckley-Municipal Airport.
The company anticipates 1,975 jobs and generating nearly $181.5 million in new annual payroll by the end of 2035.
The Ohio Tax Credit Authority approved today a 2.227 percent tax credit for the project. The tax credits are for 30 years.
It’s one of more than a dozen new state-wide projects to get assistance from the state.
The projects across the Buckeye state are expected to generate nearly $310 million in new payroll.
