Brunswick Tenant Changes Course; Accepts Deal to Build Aircraft in Wisconsin
- January 23, 2012
Kestrel Aircraft Co., the first major tenant announced by the LRA for the former Brunswick Naval Air Station, last week accepted a financing package from the state of Wisconsin to build composite turboprop aircraft in Superior, Wis., a move that could cost the Maine reuse project 300 or more expected jobs.
The manufacturer was swayed by Wisconsin’s incentive of $90 million in tax credits, which far exceeded the package Maine offered Kestrel to build the plant at Brunswick Landing, reported manufacturing.net. The Wisconsin incentives take advantage of the federal New Market Tax Credits program, reported the Portland Press Herald.
Steve Levesque, executive director of the Midcoast Regional Redevelopment Authority, took the announcement in stride, however, since Kestrel’s engineering design staff will remain at Brunswick Landing, providing up to 100 jobs for Maine’s Midcoast.
“This is economic development. It’s not always smooth sailing. … It is a bit of a setback, but it’s not a total loss,” Levesque said.