When LoPresti Aviation announced plans to build its Fury in Belen, N.M., last week, it made a point of saying there were dozens of other communities interested in the business. Belen, along with the New Mexico government, offered a fat incentive program that included the state’s Job Training Incentive Program, the High Wage Job Tax Credit and the Rural Job Tax Credit. The local government is also kicking in property-tax incentives, according to ExpansionManagement.com. Among the losing bidders for LoPresti was Manitowoc, Wisc. Officials of that town publicly questioned LoPresti’s description of the lengths to which other communities and states were willing to go to lure an airplane company and questioned the manufacturer’s business plan.
Behind The Scenes: Making The LoPresti Fury
Key Takeaways:
- LoPresti Aviation chose Belen, N.M., as the site for its Fury aircraft production, citing significant incentive programs offered by the state and local government, including job training and various tax credits.
- Other communities were interested in hosting LoPresti, but Manitowoc, Wisc., a losing bidder, publicly questioned LoPresti's claims about the extent of other communities' offers and the manufacturer's business plan.
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