Honda Investing $100 Million To Build HondaJet In North Carolina

State investment grant helps Honda expand Greensboro operations and add 283 jobs.

Honda Aircraft Co. Inc., a subsidiary of Honda Motor Co., will expand its Greensboro, N.C., operations and build its new HondaJet at the Piedmont Triad International Airport, according to an announcement made Friday by Governor Mike Easley.

Honda's investment of up to to $100 million and and the creation of 283 jobs during the next five years, that pay an average of $70,000, twice the county’s annual wage, was made possible in part by a Job Development Investment Grant (JDIG) approved Friday. 
The HondaJet, a lightweight private business jet, is said to be more fuel-efficient, less costly to operate, and has faster cruising speeds than similar aircraft currently available. 
In August 2006, Honda Aircraft  was established in Guilford County to oversee production, certification, sales and service of the HondaJet.

As part of the JDIG agreement, Honda must keep the 50 workers at their Greensboro headquarters for the duration of the 12-year grant.

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