Constant Aviation LLC, a Cleveland company that repairs and maintains jets, is in line to receive a state tax credit for a big expansion project.
The company “expects to create 300 full-time positions, generating $13.8 million in additional annual payroll and retaining $8.7 million in existing payroll as a result of (an) expansion project in the city of Cleveland,” according to a news release from Gov. John Kasich's office. The release stated that the Ohio Tax Credit Authority approved a seven-year, 60% Job Creation Tax Credit for Constant Aviation.
A project document provided by the state indicated that Constant Aviation “is considering local and national consolidation and expansion of HQ and servicing functions, which will create many high-paying jobs and a high investment. Assistance is needed to help offset these high costs and to ensure a win against competing states.”
The proposed project “involves building a new, state-of-the-art facility to house all of the company's functions and employees,” according to the state document. “The company's fixed-asset investment would be toward constructing a new building.”
A Constant Aviation spokeswoman did not immediately respond to an email sent around 1 p.m. seeking comment about the project. A voicemail left around 1:35 p.m. for president Stephen Maiden also was not immediately returned.
Constant Aviation has operations at Cleveland Hopkins International Airport, Birmingham International Airport in Alabama and in Las Vegas, according to its website.
In a Nov. 7, 2011, Crain's profile of the company, Mr. Maiden said a drawback to operating at Hopkins — as opposed to Burke Lakefront Airport or Cuyahoga County Airport, where many aircraft-servicing companies operate — is that Hopkins doesn't have much available space.
“If I could add another 25,000-square-foot facility here, I'd do it tomorrow,” Mr. Maiden said in the 2011 story. “But there is literally no space available.”
At the time, Constant Aviation had 170 employees, including about 35 added in the previous 12 months.
Constant Aviation specializes in airframe maintenance, engine repair maintenance, major repairs, avionics, interior refurbishment and modification, parts distribution, and accessory and composite services.
Source: http://www.crainscleveland.com
