Supersonic airliner developer Boom Aerospace will receive more than $12 million in aid from North Carolina authorities to build a factory on a 1,000-acre site at Piedmont Triad International Airport for manufacturing its proposed Mach 1.7, 65-88-passenger Overture.
Guilford County, home to the Greensboro, N.C. airport, today approved $12 million in tax incentives for the Centennial, Colorado-based company, according to local news reports, and Greensboro’s city council followed with approval of a $1,500-per-job tax credit for Boom. If that company hires all of the employees that N.C. officials envision, the city tax credit could be worth more than $2.5 million.
North Carolina’s state legislation in December appropriated $106.75 million for the airport to prepare up to 1,000 acres for a manufacturing plant. Of that amount, $56.75 million must be used to construct one or more hangars; $15 million is for site work and $35 million for roadwork improvements by the N.C. Department of Transportation.
The North Carolina aid requires Boom invest up to $500 million in the facility and employ up to 1,700 workers at the site.
Boom earlier this month began ground testing its single-seat, 73-foot-long XB-1 demonstrator at Colorado’s Centennial Airport. That include the first of about 10 runs of its three GE 4,300-pound-thrust J85-15 turbojets.