The Dallas City Council approved a $500,000 in economic incentives Wednesday for HAECO Global Engine Support to create a new aviation engine repair facility in the city and bring 170 jobs with it.
“This project is a true win-win for our community,” said Kimberly Bizor Tolbert, Dallas’ interim city manager, said in a release. “HAECO Global will provide high-skill and high paying jobs in Dallas, and by participating in a workforce partnership program, we are building a pipeline of Dallas workers for Dallas jobs.”
HAECO Global, headquartered in Hong Kong, will move 76 existing full-time jobs from Carrollton and create 94 more. The grant is contingent on 35% of those new jobs being given to Dallas residents. If the percentage is between 25% and 35%, the grant will be $350,000.
Those jobs will occupy a 250,00-foot space HAECO Global is leasing in northwest Dallas, which will become the firm’s primary location for “engine hospital” services. The project has an estimated cost of $17.5 million.
“This new location represents a tremendous opportunity for growth, both for our company and for the local community,” HAECO Global executive vice president James Clarke said in the release. “It will bring high-quality jobs and support the development of cutting-edge technology that will shape the future of aviation.”
