Tuesday, November 03, 2015

West Des Moines aviation company awarded tax credits

Global Aviation Resources Inc. was recently awarded state and local tax credits to assist in a $4.2 million expansion of its West Des Moines headquarters.

The West Des Moines City Council on Monday approved a $23,000 no-interest loan and a five-year property tax rebate, equal to about $221,130, as a match to the Iowa Economic Development Authority's $115,000 loan and $363,500 in tax credits awarded in August.

GAR-MRO, which sells and repairs aircraft parts, is located at 5058 Grand Ridge Drive, but has outgrown the space and plans to build a 27,000-square-foot facility at 7760 Cascade Ave., just south of Wells Fargo and Athene USA. The company will add 23 high-wage jobs over the next three years.

Carolyn Shojaat, vice president, said the company will have no comment on the expansion.

The new facility will house its maintenance, repair and overhaul operations. It will feature 10,000 square feet of repair space, 9,000 square feet of warehouse space and 8,000 square feet of office space, according to the company's application to the IEDA.

According to its website, GAR-MRO specializes in both military and commercial aircraft components, including various Boeing and Airbus models. Some of its customers are FedEx, UPS, Southwest Airlines, South African Airways and Kuwait Airways.

- Source: http://www.desmoinesregister.com

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