by Jordan Green

Monitoring the economic pulse of the Triad

Honda Aircraft announces expansion at airport

Honda Aircraft Co. announced on Monday that it will build a $20 million maintenance repair and overhaul center on its campus at Piedmont Triad International Airport. A press release from Gov. Bev Perdue states that the “facility is part of a broader plan to create 419 new jobs and invest a total of $78.7 million during the next five years in Guilford County.”

The state contributed $1 million in incentives through the One North Carolina Fund to attract Honda Aircraft. The company also received a $523,750 incentive package from the city of Greensboro, along with financial sup port from Guilford County and the Golden Leaf Foundation.

Honda Aircraft announced its decision to locate its headquarters in Greensboro in 2007. Perdue met with company executives during a trip to Asia to encourage them to expand in North Carolina, the press release states.

The company’s decision is likely to boost Perdue’s reelection chances next year, when she is expected to receive a stiff challenge from Republican Pat McCrory. Likewise, the decision is good news for a number of Guilford County Democrats in the General Assembly, who will be unsettled by an unfavorable redistricting plan passed by the Republican-controlled body.