Council to vote Tuesday on Spirit incentives
The Wichita City Council on Tuesday will vote on an incentives package for Spirit AeroSystems that would help the aviation company construct a new 375,000-square-foot manufacturing facility.
Spirit recently announced it would build the fuselage for Cessna Aircraft Co.’s new Columbus business jet in Wichita. The company has said it will invest more than $260 million in the project, adding 700 jobs during the next five years.
In an effort to lure the project, the city, county and state offered incentives to Spirit guaranteed cash advance. The company will use a state law passed this year that would allow the state to issue bonds to help with construction.
The city and county each offered cash incentives of $1.6 million. The city also would install a traffic signal at Oliver and Colfax Drive and issue revenue bonds to finance Spirit’s construction project.
The city council will vote on those proposals on Tuesday.