©2016 Michigan Economic Development Corporation

Spanish Aerospace Company Chooses Michigan for Engineering Center

Tuesday, September 18, 2007

Megan Brown,(517) 335-6397
Bridget Beckman, MEDC (517) 335-4590

An economic analysis conducted by the MEDC estimates that increased economic activity created by the new facility will generate up to 657 indirect Michigan jobs in addition to the up to 600 created directly by the company. The project is expected to generate more than $908 million in personal income for Michigan workers over the life of the tax credit.

The Aernnova project is one of eight economic development projects the governor announced today. In all, they are expected to create a total of 3,512 Michigan jobs.

Aernnova Aerospace, SA is a Spanish company that designs and produces aeronautical structures and components, operating through five business units: aerostructures, engineering, composite components, metallic components, and product support services. These activities are presently conducted in production and service centers located in Spain, Brazil, Mexico, and the United States. The company has a total workforce of more than 3,000 and annual sales of $500 million USD.

Grupo Aernnova has a proven track record of more than 20 years of participation in international aeronautical programs. Clients include Boeing, Airbus, Embraer, Bombardier, Sikorsky, and EADS.

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www.MichiganBusiness.org


TOTAL JOBS CREATED

1,257

Direct

600

Indirect

657

NET POSITIVE STATE REVENUE IMPACT

$51,463,000

Revenue Foregone

Revenue Gain

$69,990,000

Average Weekly Wage

$1,224

Personal Income Generated Over 15-Yr Tax Credit Agreement

$908, 958,000

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