NORTH CAROLINA CHOSEN FOR SUPERSONIC PASSENGER JET PLANT
Techlife News|Techlife News #535
A Colorado-based aviation company announced this week that it has chosen a North Carolina airport as the manufacturing site for next-generation supersonic passenger jets.

If successful, the investment could create more than 2,000 jobs in the region over the next decade while cutting flight times significantly for a post-Concorde generation of air travelers.

Boom Supersonic announced that Piedmont Triad International Airport in Greensboro will be the home for its first full-scale manufacturing plant, including the final assembly line, testing and delivery center for its proposed Overture supersonic airliner. Boom estimates it will create over 1,750 jobs by 2030, with a goal of reaching more than 2,400 jobs by 2032.

State and local governments have offered $230 million in financial incentives to make the project a reality, including money for airport improvements, which the legislature approved in November, and other sweeteners approved this week.

As with most such projects, some of the incentives going to Boom Technology Inc., the company’s parent, will be canceled if it doesn’t meet job-creation and investment goals. The anticipated capital investment is $500 million.

Jacksonville, Florida, and Greenville-Spartanburg, South Carolina, were also in the running for the plant, according to a state Commerce Department official who publicly briefed an incentives committee prior to the announcement. The project had been known to recruiters as “Project Thunderbird.”

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM TECHLIFE NEWSView All

BIG TECH DEALS KEEP COMING: BROADCOM BUYS VMWARE FOR $61B

Computer chip and software maker Broadcom will spend about $61 billion to acquire the cloud technology company VMware, one of the biggest deals of the year despite an environment of rising inflation and economic uncertainty.

3 mins read
Techlife News
May 28, 2022

A FUN SUMMER MYSTERY WITH THE ‘BOB'S BURGERS' CREW

Fans of “Bob’s Burgers” will find a lot to savor in the long-awaited big screen adaptation of the Fox comedy about the oddball Belcher family. “ The Bob’s Burgers Movie ” feels very much like the quirky show — just on a supersized scale, which is all it needed to be.

3 mins read
Techlife News
May 28, 2022

FEMALE CEO'S PAY ROSE 26% IN 2021, BUT RANKS REMAIN SMALL

Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared.

3 mins read
Techlife News
May 28, 2022

BOEING CAPSULE LANDS BACK ON EARTH AFTER SPACE SHAKEDOWN

Boeing’s crew taxi returned to Earth from the International Space Station on Wednesday, completing a repeat test flight before NASA astronauts climb aboard.

2 mins read
Techlife News
May 28, 2022

BROADCAST TV'S REDUCED ROLE MADE CLEAR IN FALL PRESENTATIONS

They never even made it onto the stage.

4 mins read
Techlife News
May 28, 2022

CHINA'S BET ON HOMEGROWN MRNA VACCINES HOLDS BACK NATION

China is trying to navigate its biggest coronavirus outbreak without a tool it could have adopted many months ago, the kind of vaccines that have proven to offer the best protection against the worst outcomes from COVID-19.

4 mins read
Techlife News
May 28, 2022

CANADA BANS CHINA'S HUAWEI TECHNOLOGIES FROM 5G NETWORKS

Wireless carriers in Canada won’t be allowed to install Huawei equipment in their high-speed 5G networks, the Canadian government said, joining allies in banning the giant Chinese technology company.

3 mins read
Techlife News
May 28, 2022

HYUNDAI ANNOUNCES $5.5B ELECTRIC VEHICLE PLANT IN GEORGIA

Hyundai Motor Group confirmed the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands — a deal Georgia’s governor called the largest economic development project in the state’s history.

3 mins read
Techlife News
May 28, 2022

TWITTER TO PAY $150M PENALTY OVER PRIVACY OF USERS' DATA

Twitter will pay a $150 million penalty and put in new safeguards to settle federal regulators’ allegations that the social platform failed to protect the privacy of users’ data over a six-year span.

2 mins read
Techlife News
May 28, 2022

‘Twitter Philanthropy' Reveals Chasms in Social Safety Net

Single father Billy Price was already struggling to make ends meet before someone broke into his Michigan storage unit, stole his identity and ruined his credit.

6 mins read
Techlife News
May 21, 2022