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Oh, I don't think it's Eclipse, Ernie. Adam indicated that they thought they would be through certification sometime last year, and that hasn't happened.
So, it is more than a little puzzling that the A500 isn't certified. The production facility was expected to be announced after, or about, the time they had a certificate. Their website says they are close on the A500.
One of the things left out of the statement was that they had looked at TN and TX, but UT offered them a $10,000,000 tax abatement. Also, it's in the same town as Williams, the engine people.
A quote about the financial incentives, from the SL Tribune says "Under the act's provisions, the state will rebate to Adam Aircraft a total of 30 percent of any new state sales, corporate and employment tax revenue the project generates over 15 years. "
That's a heck of an incentive.
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03-17-05, 09:03 PM
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