They do things the old-fashioned way in Bartlesville, Okla. Instead of weaving a complex fabric of tax breaks, lease discounts and other incentives commonly used to attract industry to a town, the good people of Bartlesville are simply putting cash on the table. For every job created by the new Micco Aircraft plant, the community will cough up $1,000. “They looked at several locations in Oklahoma and they selected Bartlesville,” Jim Fram, president of Bartlesville Development Corp., told the Tulsa World. Micco, which was formerly a project of the Seminole Tribe in Florida, estimates it will add about 54 people to the payroll over the next three years, so Bartlesville City Council set aside $60,000 to cover the incentive costs. Micco builds the SP26, a two-place aerobatic aircraft in retractable tailwheel configuration. The plane, which is powered by a Lycoming IO-540 putting out 260 hp, cruises at about 155 knots. Micco is also planning to build Tecnam light sport aircraft and offer rental and instruction.
Cash For Micco Aircraft Job Creation
Key Takeaways:
- Bartlesville, Oklahoma, is attracting Micco Aircraft with a direct cash incentive of $1,000 per job created, a departure from typical tax breaks.
- Micco Aircraft plans to create approximately 54 jobs over three years at its new Bartlesville plant, for which the city has allocated $60,000.
- The company will produce its SP26 aerobatic aircraft and intends to expand into building Tecnam light sport aircraft, offering rental and instruction services.
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